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$3,574 (target)

3310 Southard Hwy, Adrian, MI 49221

3 beds • 3 baths • 2756 sqft

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This property looks like a bad Mid-Term investment with a projected -6.24% first-year return on $123k initial cash invested.

-6.24%

Cash On Cash

4.84%

Cap Rate

0.8

DSCR

$3,574

Rent

-$640

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,574 income − $4,214 expenses = $640 out of pocket

Income$3,574Out of Pocket$640Mortgage P&I$2,51270%Property Taxes$3129%Insurance$1755%Management$42912%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39311%

Investment Breakdown

|

Purchase Price

$500k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$100,000

Closing costs

1%

$5,000

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,574

Total Expenses

$4,214

Mortgage P&I

70%

$2,512

Property Taxes

9%

$312

Home Insurance

5%

$175

HOA

0%

$0

Property Management

12%

$429

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$393

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