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$2,802 (target)

2285 Somerville Dr, Oxford, MI 48371

3 beds • 2 baths • 2300 sqft

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This property looks like a bad Mid-Term investment with a projected -9.43% first-year return on $104k initial cash invested.

-9.43%

Cash On Cash

3.88%

Cap Rate

0.65

DSCR

$2,802

Rent

-$818

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,802 income − $3,620 expenses = $818 out of pocket

Income$2,802Out of Pocket$818Mortgage P&I$2,03373%Property Taxes$49518%Insurance$1405%Management$33612%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30811%

Investment Breakdown

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Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,020

Closing costs

1%

$4,101

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,802

Total Expenses

$3,620

Mortgage P&I

73%

$2,033

Property Taxes

18%

$495

Home Insurance

5%

$140

HOA

0%

$0

Property Management

12%

$336

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$308

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