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$4,842 (target)

37860 Thames Dr, Farmington Hills, MI 48331

3 beds • 3 baths • 3272 sqft

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This property might be a fair Mid-Term investment with a projected 5.24% first-year return on $108k initial cash invested.

5.24%

Cash On Cash

7.97%

Cap Rate

1.31

DSCR

$4,842

Rent

$471

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,842 income − $4,371 expenses = $471 cash flow

Income$4,842Mortgage P&I$2,17845%Property Taxes$3948%Insurance$1523%Management$58112%CapEx$1944%Vacancy$1453%Maintenance$1944%Other$53311%Cash Flow$471

Investment Breakdown

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Purchase Price

$428k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,660

Closing costs

1%

$4,283

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,842

Total Expenses

$4,371

Mortgage P&I

45%

$2,178

Property Taxes

8%

$394

Home Insurance

3%

$152

HOA

0%

$0

Property Management

12%

$581

CapEx

4%

$194

Vacancy

3%

$145

Maintenance

4%

$194

Other

11%

$533

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