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$2,850 (target)

3055 Pipestone Rd, Benton Harbor, MI 49022

3 beds • 2 baths • 1560 sqft

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This property could be a profitable Mid-Term investment with a projected 11.22% first-year return on $59,790 initial cash invested.

11.22%

Cash On Cash

10.84%

Cap Rate

1.6

DSCR

$2,850

Rent

$559

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,850 income − $2,291 expenses = $559 cash flow

Income$2,850Mortgage P&I$1,12539%Property Taxes$1264%Insurance$702%Management$34212%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31411%Cash Flow$559

Investment Breakdown

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Purchase Price

$199k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,790

Downpayment

20%

$39,800

Closing costs

1%

$1,990

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,850

Total Expenses

$2,291

Mortgage P&I

39%

$1,125

Property Taxes

4%

$126

Home Insurance

2%

$70

HOA

0%

$0

Property Management

12%

$342

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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