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$6,446 (target)

2000 Matthew St, Commerce Township, MI 48390

3 beds • 3 baths • 2834 sqft

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This property might be a fair Mid-Term investment with a projected 9.03% first-year return on $122k initial cash invested.

9.03%

Cash On Cash

9.06%

Cap Rate

1.46

DSCR

$6,446

Rent

$921

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,446 income − $5,525 expenses = $921 cash flow

Income$6,446Mortgage P&I$2,57140%Property Taxes$5849%Insurance$1783%Management$77412%CapEx$2584%Vacancy$1933%Maintenance$2584%Other$70911%Cash Flow$921

Investment Breakdown

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Purchase Price

$497k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,360

Closing costs

1%

$4,968

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$6,446

Total Expenses

$5,525

Mortgage P&I

40%

$2,571

Property Taxes

9%

$584

Home Insurance

3%

$178

HOA

0%

$0

Property Management

12%

$774

CapEx

4%

$258

Vacancy

3%

$193

Maintenance

4%

$258

Other

11%

$709

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