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$2,654 (target)

1501 Mardan Dr, Adrian, MI 49221

3 beds • 2 baths • 1968 sqft

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This property might be a fair Mid-Term investment with a projected 4.19% first-year return on $66,405 initial cash invested.

4.19%

Cash On Cash

8.06%

Cap Rate

1.28

DSCR

$2,654

Rent

$232

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,654 income − $2,422 expenses = $232 cash flow

Income$2,654Mortgage P&I$1,21046%Property Taxes$2289%Insurance$823%Management$31812%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29211%Cash Flow$232

Investment Breakdown

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Purchase Price

$231k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,405

Downpayment

20%

$46,100

Closing costs

1%

$2,305

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,654

Total Expenses

$2,422

Mortgage P&I

46%

$1,210

Property Taxes

9%

$228

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$318

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$292

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