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$2,944 (target)

2615 College Rd, Holt, MI 48842

3 beds • 2 baths • 1268 sqft

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This property might be a fair Mid-Term investment with a projected 3.83% first-year return on $72,033 initial cash invested.

3.83%

Cash On Cash

8.24%

Cap Rate

1.25

DSCR

$2,944

Rent

$230

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,944 income − $2,714 expenses = $230 cash flow

Income$2,944Mortgage P&I$1,41848%Property Taxes$2047%Insurance$913%Management$35312%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32411%Cash Flow$230

Investment Breakdown

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Purchase Price

$257k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,033

Downpayment

20%

$51,460

Closing costs

1%

$2,573

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,944

Total Expenses

$2,714

Mortgage P&I

48%

$1,418

Property Taxes

7%

$204

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$353

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$324

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