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$6,333 (target)

1937 Carsons Cv, Commerce Township, MI 48390

3 beds • 4 baths • 6215 sqft

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This property looks like a bad Mid-Term investment with a projected -5.92% first-year return on $194k initial cash invested.

-5.92%

Cash On Cash

4.93%

Cap Rate

0.83

DSCR

$6,333

Rent

-$958

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,333 income − $7,291 expenses = $958 out of pocket

Income$6,333Out of Pocket$958Mortgage P&I$4,15766%Property Taxes$62710%Insurance$3045%HOA$501%Management$76012%CapEx$2534%Vacancy$1903%Maintenance$2534%Other$69711%

Investment Breakdown

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Purchase Price

$839k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$194k

Downpayment

20%

$168k

Closing costs

1%

$8,394

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,333

Total Expenses

$7,291

Mortgage P&I

66%

$4,157

Property Taxes

10%

$627

Home Insurance

5%

$304

HOA

1%

$50

Property Management

12%

$760

CapEx

4%

$253

Vacancy

3%

$190

Maintenance

4%

$253

Other

11%

$697

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