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$1,848 (target)

2259 Hickory Circle Dr, Howell, MI 48855

3 beds • 3 baths • 2370 sqft

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This property looks like a bad Long-Term investment with a projected -15.36% first-year return on $67,746 initial cash invested.

-15.36%

Cash On Cash

3.73%

Cap Rate

0.56

DSCR

$1,848

Rent

-$867

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,848 income − $2,715 expenses = $867 out of pocket

Income$1,848Out of Pocket$867Mortgage P&I$1,77896%Property Taxes$26714%Insurance$1408%HOA$503%Management$18510%CapEx$925%Vacancy$1116%Maintenance$925%

Investment Breakdown

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Purchase Price

$323k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,746

Downpayment

20%

$64,520

Closing costs

1%

$3,226

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,848

Total Expenses

$2,715

Mortgage P&I

96%

$1,778

Property Taxes

14%

$267

Home Insurance

8%

$140

HOA

3%

$50

Property Management

10%

$185

CapEx

5%

$92

Vacancy

6%

$111

Maintenance

5%

$92

Other

0%

$0

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