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$4,554 (target)

2626 Bullock Rd, Lapeer, MI 48446

3 beds • 2 baths • 2610 sqft

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This property could be a profitable Mid-Term investment with a projected 17.05% first-year return on $81,000 initial cash invested.

17.05%

Cash On Cash

11.39%

Cap Rate

1.88

DSCR

$4,554

Rent

$1,151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,554 income − $3,403 expenses = $1,151 cash flow

Income$4,554Mortgage P&I$1,51433%Property Taxes$2365%Insurance$1052%Management$54612%CapEx$1824%Vacancy$1373%Maintenance$1824%Other$50111%Cash Flow$1,151

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$4,554

Total Expenses

$3,403

Mortgage P&I

33%

$1,514

Property Taxes

5%

$236

Home Insurance

2%

$105

HOA

0%

$0

Property Management

12%

$546

CapEx

4%

$182

Vacancy

3%

$137

Maintenance

4%

$182

Other

11%

$501

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