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$5,018 (target)

29128 Myles Andrew Dr, South Lyon, MI 48178

3 beds • 3 baths • 2287 sqft

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This property looks like a bad Mid-Term investment with a projected -8.46% first-year return on $142k initial cash invested.

-8.46%

Cash On Cash

5.14%

Cap Rate

0.76

DSCR

$5,018

Rent

-$1,000

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,018 income − $6,018 expenses = $1,000 out of pocket

Income$5,018Out of Pocket$1,000Mortgage P&I$3,32466%Property Taxes$65913%Insurance$2064%HOA$1222%Management$60212%CapEx$2014%Vacancy$1513%Maintenance$2014%Other$55211%

Investment Breakdown

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Purchase Price

$590k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$118k

Closing costs

1%

$5,900

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,018

Total Expenses

$6,018

Mortgage P&I

66%

$3,324

Property Taxes

13%

$659

Home Insurance

4%

$206

HOA

2%

$122

Property Management

12%

$602

CapEx

4%

$201

Vacancy

3%

$151

Maintenance

4%

$201

Other

11%

$552

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