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$4,791 (target)

3700 Green Lake Rd, West Bloomfield, MI 48324

3 beds • 2 baths • 2166 sqft

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This property might be a fair Mid-Term investment with a projected 3.9% first-year return on $98,850 initial cash invested.

3.9%

Cash On Cash

7.96%

Cap Rate

1.25

DSCR

$4,791

Rent

$321

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,791 income − $4,470 expenses = $321 cash flow

Income$4,791Mortgage P&I$2,04043%Property Taxes$66514%Insurance$1353%Management$57512%CapEx$1924%Vacancy$1443%Maintenance$1924%Other$52711%Cash Flow$321

Investment Breakdown

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Purchase Price

$385k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,850

Downpayment

20%

$77,000

Closing costs

1%

$3,850

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,791

Total Expenses

$4,470

Mortgage P&I

43%

$2,040

Property Taxes

14%

$665

Home Insurance

3%

$135

HOA

0%

$0

Property Management

12%

$575

CapEx

4%

$192

Vacancy

3%

$144

Maintenance

4%

$192

Other

11%

$527

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