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$2,298 (target)

1412 Champaign Rd, Lincoln Park, MI 48146

3 beds • 2 baths • 1040 sqft

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This property could be a profitable Mid-Term investment with a projected 10.62% first-year return on $49,479 initial cash invested.

10.62%

Cash On Cash

10.77%

Cap Rate

1.65

DSCR

$2,298

Rent

$438

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,298 income − $1,860 expenses = $438 cash flow

Income$2,298Mortgage P&I$81535%Property Taxes$2119%Insurance$522%Management$27612%CapEx$924%Vacancy$693%Maintenance$924%Other$25311%Cash Flow$438

Investment Breakdown

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Purchase Price

$150k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,479

Downpayment

20%

$29,980

Closing costs

1%

$1,499

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$2,298

Total Expenses

$1,860

Mortgage P&I

35%

$815

Property Taxes

9%

$211

Home Insurance

2%

$52

HOA

0%

$0

Property Management

12%

$276

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$253

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