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$3,033 (target)

26450 S River Rd, Harrison Township, MI 48045

3 beds • 2 baths • 1146 sqft

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This property might be a fair Mid-Term investment with a projected 7.55% first-year return on $67,350 initial cash invested.

7.55%

Cash On Cash

9.21%

Cap Rate

1.43

DSCR

$3,033

Rent

$424

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,033 income − $2,609 expenses = $424 cash flow

Income$3,033Mortgage P&I$1,25841%Property Taxes$2388%Insurance$823%Management$36412%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33411%Cash Flow$424

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,033

Total Expenses

$2,609

Mortgage P&I

41%

$1,258

Property Taxes

8%

$238

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$364

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$334

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