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$2,346 (target)

30935 Sheridan St, Garden City, MI 48135

3 beds • 2 baths • 1500 sqft

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This property might be a fair Mid-Term investment with a projected 6.19% first-year return on $56,829 initial cash invested.

6.19%

Cash On Cash

8.97%

Cap Rate

1.39

DSCR

$2,346

Rent

$293

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,346 income − $2,053 expenses = $293 cash flow

Income$2,346Mortgage P&I$99542%Property Taxes$1958%Insurance$653%Management$28212%CapEx$944%Vacancy$703%Maintenance$944%Other$25811%Cash Flow$293

Investment Breakdown

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Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,829

Downpayment

20%

$36,980

Closing costs

1%

$1,849

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,346

Total Expenses

$2,053

Mortgage P&I

42%

$995

Property Taxes

8%

$195

Home Insurance

3%

$65

HOA

0%

$0

Property Management

12%

$282

CapEx

4%

$94

Vacancy

3%

$70

Maintenance

4%

$94

Other

11%

$258

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