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$2,750 (target)

1640 Nottingham Dr, Madison Heights, MI 48071

3 beds • 2 baths • 1141 sqft

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This property might be a fair Mid-Term investment with a projected 5.2% first-year return on $67,665 initial cash invested.

5.2%

Cash On Cash

8.14%

Cap Rate

1.34

DSCR

$2,750

Rent

$293

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,750 income − $2,457 expenses = $293 cash flow

Income$2,750Mortgage P&I$1,20144%Property Taxes$2228%Insurance$1004%Management$33012%CapEx$1104%Vacancy$823%Maintenance$1104%Other$30211%Cash Flow$293

Investment Breakdown

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Purchase Price

$237k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,665

Downpayment

20%

$47,300

Closing costs

1%

$2,365

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,750

Total Expenses

$2,457

Mortgage P&I

44%

$1,201

Property Taxes

8%

$222

Home Insurance

4%

$100

HOA

0%

$0

Property Management

12%

$330

CapEx

4%

$110

Vacancy

3%

$82

Maintenance

4%

$110

Other

11%

$302

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