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$3,858 (target)

2120 Arbor Ave, Wixom, MI 48393

3 beds • 2 baths • 2305 sqft

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This property might be a fair Mid-Term investment with a projected 3.71% first-year return on $95,679 initial cash invested.

3.71%

Cash On Cash

7.49%

Cap Rate

1.24

DSCR

$3,858

Rent

$296

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,858 income − $3,562 expenses = $296 cash flow

Income$3,858Mortgage P&I$1,85848%Property Taxes$2637%Insurance$1303%Management$46312%CapEx$1544%Vacancy$1163%Maintenance$1544%Other$42411%Cash Flow$296

Investment Breakdown

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Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,679

Downpayment

20%

$73,980

Closing costs

1%

$3,699

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,858

Total Expenses

$3,562

Mortgage P&I

48%

$1,858

Property Taxes

7%

$263

Home Insurance

3%

$130

HOA

0%

$0

Property Management

12%

$463

CapEx

4%

$154

Vacancy

3%

$116

Maintenance

4%

$154

Other

11%

$424

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