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$2,133 (target)

2849 State St, Saginaw, MI 48602

3 beds • 2 baths • 1998 sqft

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This property might be a fair Mid-Term investment with a projected 1.92% first-year return on $57,396 initial cash invested.

1.92%

Cash On Cash

7.57%

Cap Rate

1.18

DSCR

$2,133

Rent

$92

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,133 income − $2,041 expenses = $92 cash flow

Income$2,133Mortgage P&I$1,00747%Property Taxes$24311%Insurance$663%Management$25612%CapEx$854%Vacancy$643%Maintenance$854%Other$23511%Cash Flow$92

Investment Breakdown

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Purchase Price

$188k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,396

Downpayment

20%

$37,520

Closing costs

1%

$1,876

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,133

Total Expenses

$2,041

Mortgage P&I

47%

$1,007

Property Taxes

11%

$243

Home Insurance

3%

$66

HOA

0%

$0

Property Management

12%

$256

CapEx

4%

$85

Vacancy

3%

$64

Maintenance

4%

$85

Other

11%

$235

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