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$3,102 (target)

2304 Wood Ridge Dr, Adrian, MI 49221

3 beds • 2 baths • 1363 sqft

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This property might be a fair Mid-Term investment with a projected 2.87% first-year return on $79,320 initial cash invested.

2.87%

Cash On Cash

7.68%

Cap Rate

1.2

DSCR

$3,102

Rent

$190

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,102 income − $2,912 expenses = $190 cash flow

Income$3,102Mortgage P&I$1,55450%Property Taxes$2016%Insurance$1033%Management$37212%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34111%Cash Flow$190

Investment Breakdown

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Purchase Price

$292k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,320

Downpayment

20%

$58,400

Closing costs

1%

$2,920

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,102

Total Expenses

$2,912

Mortgage P&I

50%

$1,554

Property Taxes

6%

$201

Home Insurance

3%

$103

HOA

0%

$0

Property Management

12%

$372

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$341

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