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2229 Hillcrescent Dr, Troy, MI 48085

3 beds • 2 baths • 2003 sqft

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This property might be a fair Mid-Term investment with a projected 2.5% first-year return on $92,550 initial cash invested.

2.5%

Cash On Cash

7.03%

Cap Rate

1.19

DSCR

$3,630

Rent

$193

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,550

Downpayment

20%

$71,000

Closing costs

1%

$3,550

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,630

Total Expenses

$3,437

Mortgage P&I

48%

$1,741

Property Taxes

9%

$335

Home Insurance

3%

$124

HOA

0%

$3

Property Management

12%

$436

CapEx

4%

$145

Vacancy

3%

$109

Maintenance

4%

$145

Other

11%

$399

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