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$3,146 (target)

2523 Watonga Dr, Commerce Township, MI 48382

3 beds • 2 baths • 1449 sqft

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This property might be a fair Mid-Term investment with a projected 4.03% first-year return on $80,979 initial cash invested.

4.03%

Cash On Cash

7.56%

Cap Rate

1.27

DSCR

$3,146

Rent

$272

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,146 income − $2,874 expenses = $272 cash flow

Income$3,146Mortgage P&I$1,49147%Property Taxes$2087%Insurance$1053%Management$37812%CapEx$1264%Vacancy$943%Maintenance$1264%Other$34611%Cash Flow$272

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,146

Total Expenses

$2,874

Mortgage P&I

47%

$1,491

Property Taxes

7%

$208

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$378

CapEx

4%

$126

Vacancy

3%

$94

Maintenance

4%

$126

Other

11%

$346

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