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$3,610 (target)

3139 Willet Ave, Rochester Hills, MI 48309

3 beds • 2 baths • 1336 sqft

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This property might be a fair Mid-Term investment with a projected 3.06% first-year return on $90,114 initial cash invested.

3.06%

Cash On Cash

7.28%

Cap Rate

1.22

DSCR

$3,610

Rent

$230

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,610 income − $3,380 expenses = $230 cash flow

Income$3,610Mortgage P&I$1,70947%Property Taxes$3269%Insurance$1193%Management$43312%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39711%Cash Flow$230

Investment Breakdown

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Purchase Price

$343k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,114

Downpayment

20%

$68,680

Closing costs

1%

$3,434

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,610

Total Expenses

$3,380

Mortgage P&I

47%

$1,709

Property Taxes

9%

$326

Home Insurance

3%

$119

HOA

0%

$0

Property Management

12%

$433

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$397

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