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$3,220 (target)

29831 Forton Rd, Chesterfield, MI 48047

3 beds • 2 baths • 1402 sqft

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This property might be a fair Mid-Term investment with a projected 5.8% first-year return on $76,401 initial cash invested.

5.8%

Cash On Cash

8.15%

Cap Rate

1.36

DSCR

$3,220

Rent

$369

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,220 income − $2,851 expenses = $369 cash flow

Income$3,220Mortgage P&I$1,39043%Property Taxes$2618%Insurance$1053%Management$38612%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35411%Cash Flow$369

Investment Breakdown

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Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,401

Downpayment

20%

$55,620

Closing costs

1%

$2,781

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,220

Total Expenses

$2,851

Mortgage P&I

43%

$1,390

Property Taxes

8%

$261

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$354

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