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$3,670 (target)

1719 Southgate Ct, Adrian, MI 49221

3 beds • 3 baths • 2042 sqft

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This property might be a fair Mid-Term investment with a projected 6.29% first-year return on $85,095 initial cash invested.

6.29%

Cash On Cash

8.31%

Cap Rate

1.37

DSCR

$3,670

Rent

$446

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,670 income − $3,224 expenses = $446 cash flow

Income$3,670Mortgage P&I$1,61944%Property Taxes$2437%Insurance$1143%Management$44012%CapEx$1474%Vacancy$1103%Maintenance$1474%Other$40411%Cash Flow$446

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,095

Downpayment

20%

$63,900

Closing costs

1%

$3,195

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,670

Total Expenses

$3,224

Mortgage P&I

44%

$1,619

Property Taxes

7%

$243

Home Insurance

3%

$114

HOA

0%

$0

Property Management

12%

$440

CapEx

4%

$147

Vacancy

3%

$110

Maintenance

4%

$147

Other

11%

$404

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