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$2,602 (target)

29720 Merrick Ave, Warren, MI 48092

3 beds • 2 baths • 1361 sqft

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This property might be a fair Mid-Term investment with a projected 0.56% first-year return on $74,490 initial cash invested.

0.56%

Cash On Cash

6.59%

Cap Rate

1.1

DSCR

$2,602

Rent

$35

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,602 income − $2,567 expenses = $35 cash flow

Income$2,602Mortgage P&I$1,33851%Property Taxes$25110%Insurance$944%Management$31212%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28611%Cash Flow$35

Investment Breakdown

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Purchase Price

$269k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,490

Downpayment

20%

$53,800

Closing costs

1%

$2,690

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,602

Total Expenses

$2,567

Mortgage P&I

51%

$1,338

Property Taxes

10%

$251

Home Insurance

4%

$94

HOA

0%

$0

Property Management

12%

$312

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$286

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