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$3,651 (target)

2820 S Commerce Rd, Commerce Township, MI 48390

3 beds • 3 baths • 2398 sqft

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This property might be a fair Mid-Term investment with a projected 0.24% first-year return on $90,450 initial cash invested.

0.24%

Cash On Cash

7.22%

Cap Rate

1.09

DSCR

$3,651

Rent

$18

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,651 income − $3,633 expenses = $18 cash flow

Income$3,651Mortgage P&I$1,91252%Property Taxes$35710%Insurance$1223%Management$43812%CapEx$1464%Vacancy$1103%Maintenance$1464%Other$40211%Cash Flow$18

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,450

Downpayment

20%

$69,000

Closing costs

1%

$3,450

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,651

Total Expenses

$3,633

Mortgage P&I

52%

$1,912

Property Taxes

10%

$357

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$438

CapEx

4%

$146

Vacancy

3%

$110

Maintenance

4%

$146

Other

11%

$402

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