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$3,339 (target)

29275 Roan Dr, Warren, MI 48093

3 beds • 2 baths • 1310 sqft

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This property could be a profitable Mid-Term investment with a projected 10.36% first-year return on $68,337 initial cash invested.

10.36%

Cash On Cash

9.69%

Cap Rate

1.6

DSCR

$3,339

Rent

$590

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,339 income − $2,749 expenses = $590 cash flow

Income$3,339Mortgage P&I$1,21136%Property Taxes$3069%Insurance$963%Management$40112%CapEx$1344%Vacancy$1003%Maintenance$1344%Other$36711%Cash Flow$590

Investment Breakdown

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Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,337

Downpayment

20%

$47,940

Closing costs

1%

$2,397

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,339

Total Expenses

$2,749

Mortgage P&I

36%

$1,211

Property Taxes

9%

$306

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$401

CapEx

4%

$134

Vacancy

3%

$100

Maintenance

4%

$134

Other

11%

$367

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