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$3,972 (target)

1303 Cedar Meadows Dr, White Lake, MI 48383

3 beds • 3 baths • 2101 sqft

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This property looks like a bad Long-Term investment with a projected -11.37% first-year return on $131k initial cash invested.

-11.37%

Cash On Cash

4.1%

Cap Rate

0.67

DSCR

$3,972

Rent

-$1,244

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,972 income − $5,216 expenses = $1,244 out of pocket

Income$3,972Out of Pocket$1,244Mortgage P&I$3,18080%Property Taxes$74619%Insurance$2196%HOA$381%Management$39710%CapEx$1995%Vacancy$2386%Maintenance$1995%

Investment Breakdown

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Purchase Price

$625k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$125k

Closing costs

1%

$6,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,972

Total Expenses

$5,216

Mortgage P&I

80%

$3,180

Property Taxes

19%

$746

Home Insurance

6%

$219

HOA

1%

$38

Property Management

10%

$397

CapEx

5%

$199

Vacancy

6%

$238

Maintenance

5%

$199

Other

0%

$0

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