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$3,111 (target)

2305 Ellery Ave, Waterford, MI 48327

3 beds • 2 baths • 1325 sqft

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This property might be a fair Mid-Term investment with a projected 5.92% first-year return on $76,800 initial cash invested.

5.92%

Cash On Cash

8.09%

Cap Rate

1.36

DSCR

$3,111

Rent

$379

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,111 income − $2,732 expenses = $379 cash flow

Income$3,111Mortgage P&I$1,38444%Property Taxes$1946%Insurance$983%Management$37312%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34211%Cash Flow$379

Investment Breakdown

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Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,800

Downpayment

20%

$56,000

Closing costs

1%

$2,800

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,111

Total Expenses

$2,732

Mortgage P&I

44%

$1,384

Property Taxes

6%

$194

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$373

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$342

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