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$2,814 (target)

20412 Luna St, Clinton Township, MI 48035

3 beds • 2 baths • 945 sqft

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This property might be a fair Mid-Term investment with a projected 2.18% first-year return on $68,778 initial cash invested.

2.18%

Cash On Cash

7.95%

Cap Rate

1.17

DSCR

$2,814

Rent

$125

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,814 income − $2,689 expenses = $125 cash flow

Income$2,814Mortgage P&I$1,36348%Property Taxes$28210%Insurance$863%Management$33812%CapEx$1134%Vacancy$843%Maintenance$1134%Other$31011%Cash Flow$125

Investment Breakdown

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Purchase Price

$242k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,778

Downpayment

20%

$48,360

Closing costs

1%

$2,418

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,814

Total Expenses

$2,689

Mortgage P&I

48%

$1,363

Property Taxes

10%

$282

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$338

CapEx

4%

$113

Vacancy

3%

$84

Maintenance

4%

$113

Other

11%

$310

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