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36023 Weideman St, Clinton Township, MI 48035

3 beds • 2 baths • 1905 sqft

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This property might be a fair Mid-Term investment with a projected 7.19% first-year return on $71,970 initial cash invested.

7.19%

Cash On Cash

8.47%

Cap Rate

1.45

DSCR

$3,190

Rent

$431

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$257k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,970

Downpayment

20%

$51,400

Closing costs

1%

$2,570

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,190

Total Expenses

$2,759

Mortgage P&I

39%

$1,254

Property Taxes

10%

$329

Home Insurance

3%

$90

HOA

0%

$0

Property Management

12%

$383

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$351

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