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$4,292 (target)

2855 Farmers Creek Rd, Metamora, MI 48455

3 beds • 3 baths • 2058 sqft

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This property might be a fair Mid-Term investment with a projected 3.56% first-year return on $105k initial cash invested.

3.56%

Cash On Cash

7.42%

Cap Rate

1.23

DSCR

$4,292

Rent

$311

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,292 income − $3,981 expenses = $311 cash flow

Income$4,292Mortgage P&I$2,07848%Property Taxes$2446%Insurance$1493%HOA$501%Management$51512%CapEx$1724%Vacancy$1293%Maintenance$1724%Other$47211%Cash Flow$311

Investment Breakdown

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Purchase Price

$414k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,800

Closing costs

1%

$4,140

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,292

Total Expenses

$3,981

Mortgage P&I

48%

$2,078

Property Taxes

6%

$244

Home Insurance

3%

$149

HOA

1%

$50

Property Management

12%

$515

CapEx

4%

$172

Vacancy

3%

$129

Maintenance

4%

$172

Other

11%

$472

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