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$2,998 (target)

2440 Lora Dr, Benton Harbor, MI 49022

3 beds • 3 baths • 2281 sqft

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This property might be a fair Mid-Term investment with a projected 1.83% first-year return on $77,850 initial cash invested.

1.83%

Cash On Cash

7.62%

Cap Rate

1.15

DSCR

$2,998

Rent

$119

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,998 income − $2,879 expenses = $119 cash flow

Income$2,998Mortgage P&I$1,57152%Property Taxes$1886%Insurance$1003%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%Cash Flow$119

Investment Breakdown

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Purchase Price

$285k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,998

Total Expenses

$2,879

Mortgage P&I

52%

$1,571

Property Taxes

6%

$188

Home Insurance

3%

$100

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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