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$3,374 (target)

2995 Groves Dr, Sterling Heights, MI 48310

3 beds • 2 baths • 1436 sqft

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This property might be a fair Mid-Term investment with a projected 2.74% first-year return on $85,809 initial cash invested.

2.74%

Cash On Cash

7.29%

Cap Rate

1.2

DSCR

$3,374

Rent

$196

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,374 income − $3,178 expenses = $196 cash flow

Income$3,374Mortgage P&I$1,63048%Property Taxes$2889%Insurance$1133%Management$40512%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37111%Cash Flow$196

Investment Breakdown

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Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,809

Downpayment

20%

$64,580

Closing costs

1%

$3,229

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,374

Total Expenses

$3,178

Mortgage P&I

48%

$1,630

Property Taxes

9%

$288

Home Insurance

3%

$113

HOA

0%

$0

Property Management

12%

$405

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$371

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