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$4,029 (target)

31738 Pierce St, Garden City, MI 48135

3 beds • 3 baths • 1790 sqft

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This property looks like a bad Mid-Term investment with a projected -0.76% first-year return on $90,072 initial cash invested.

-0.76%

Cash On Cash

6.98%

Cap Rate

1.05

DSCR

$4,029

Rent

-$57

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,029 income − $4,086 expenses = $57 out of pocket

Income$4,029Out of Pocket$57Mortgage P&I$1,89147%Property Taxes$70517%Insurance$1213%Management$48312%CapEx$1614%Vacancy$1213%Maintenance$1614%Other$44311%

Investment Breakdown

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Purchase Price

$343k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,072

Downpayment

20%

$68,640

Closing costs

1%

$3,432

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,029

Total Expenses

$4,086

Mortgage P&I

47%

$1,891

Property Taxes

18%

$705

Home Insurance

3%

$121

HOA

0%

$0

Property Management

12%

$483

CapEx

4%

$161

Vacancy

3%

$121

Maintenance

4%

$161

Other

11%

$443

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