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$3,945 (target)

350 S Michigan Rd, Eaton Rapids, MI 48827

3 beds • 4 baths • 2510 sqft

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This property might be a fair Mid-Term investment with a projected 3.08% first-year return on $96,771 initial cash invested.

3.08%

Cash On Cash

7.39%

Cap Rate

1.21

DSCR

$3,945

Rent

$248

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,945 income − $3,697 expenses = $248 cash flow

Income$3,945Mortgage P&I$1,90348%Property Taxes$3328%Insurance$1213%Management$47312%CapEx$1584%Vacancy$1183%Maintenance$1584%Other$43411%Cash Flow$248

Investment Breakdown

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Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,771

Downpayment

20%

$75,020

Closing costs

1%

$3,751

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,945

Total Expenses

$3,697

Mortgage P&I

48%

$1,903

Property Taxes

8%

$332

Home Insurance

3%

$121

HOA

0%

$0

Property Management

12%

$473

CapEx

4%

$158

Vacancy

3%

$118

Maintenance

4%

$158

Other

11%

$434

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