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$3,384 (target)

261 Preston Ave, Waterford, MI 48328

3 beds • 2 baths • 1652 sqft

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This property might be a fair Mid-Term investment with a projected 3.89% first-year return on $75,225 initial cash invested.

3.89%

Cash On Cash

8.29%

Cap Rate

1.25

DSCR

$3,384

Rent

$244

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,384 income − $3,140 expenses = $244 cash flow

Income$3,384Mortgage P&I$1,50444%Property Taxes$38811%Insurance$983%Management$40612%CapEx$1354%Vacancy$1023%Maintenance$1354%Other$37211%Cash Flow$244

Investment Breakdown

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Purchase Price

$273k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,225

Downpayment

20%

$54,500

Closing costs

1%

$2,725

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,384

Total Expenses

$3,140

Mortgage P&I

44%

$1,504

Property Taxes

11%

$388

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$406

CapEx

4%

$135

Vacancy

3%

$102

Maintenance

4%

$135

Other

11%

$372

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