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3071 School Lake Dr, Brighton, MI 48114

3 beds • 3 baths • 3595 sqft

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This property looks like a bad Mid-Term investment with a projected -11.14% first-year return on $213k initial cash invested.

-11.14%

Cash On Cash

3.56%

Cap Rate

0.61

DSCR

$5,358

Rent

-$1,978

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$929k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$213k

Downpayment

20%

$186k

Closing costs

1%

$9,287

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,358

Total Expenses

$7,336

Mortgage P&I

84%

$4,517

Property Taxes

12%

$666

Home Insurance

6%

$332

HOA

0%

$0

Property Management

12%

$643

CapEx

4%

$214

Vacancy

3%

$161

Maintenance

4%

$214

Other

11%

$589

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