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$2,394 (target)

3216 Warren Dr, Waterford, MI 48329

3 beds • 2 baths • 1583 sqft

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This property could be a profitable Long-Term investment with a projected 11.86% first-year return on $42,000 initial cash invested.

11.86%

Cash On Cash

9.61%

Cap Rate

1.5

DSCR

$2,394

Rent

$415

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,394 income − $1,979 expenses = $415 cash flow

Income$2,394Mortgage P&I$1,06745%Property Taxes$2199%Insurance$703%Management$23910%CapEx$1205%Vacancy$1446%Maintenance$1205%Cash Flow$415

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,000

Downpayment

20%

$40,000

Closing costs

1%

$2,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,394

Total Expenses

$1,979

Mortgage P&I

45%

$1,067

Property Taxes

9%

$219

Home Insurance

3%

$70

HOA

0%

$0

Property Management

10%

$239

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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