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$2,288 (target)

2653 Porcupine Trl, Lapeer, MI 48446

3 beds • 2 baths • 1842 sqft

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This property might be a fair Mid-Term investment with a projected 5.71% first-year return on $58,866 initial cash invested.

5.71%

Cash On Cash

8.69%

Cap Rate

1.36

DSCR

$2,288

Rent

$280

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,288 income − $2,008 expenses = $280 cash flow

Income$2,288Mortgage P&I$1,03845%Property Taxes$1105%Insurance$803%Management$27512%CapEx$924%Vacancy$693%Maintenance$924%Other$25211%Cash Flow$280

Investment Breakdown

|

Purchase Price

$195k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,866

Downpayment

20%

$38,920

Closing costs

1%

$1,946

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,288

Total Expenses

$2,008

Mortgage P&I

45%

$1,038

Property Taxes

5%

$110

Home Insurance

4%

$80

HOA

0%

$0

Property Management

12%

$275

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$252

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