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$3,082 (target)

39375 E Archer Dr, Harrison Township, MI 48045

3 beds • 2 baths • 2100 sqft

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This property looks like a bad Mid-Term investment with a projected -10.07% first-year return on $123k initial cash invested.

-10.07%

Cash On Cash

3.83%

Cap Rate

0.64

DSCR

$3,082

Rent

-$1,030

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,082 income − $4,112 expenses = $1,030 out of pocket

Income$3,082Out of Pocket$1,030Mortgage P&I$2,50081%Property Taxes$39013%Insurance$1756%Management$37012%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33911%

Investment Breakdown

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Purchase Price

$499k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,800

Closing costs

1%

$4,990

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,082

Total Expenses

$4,112

Mortgage P&I

81%

$2,500

Property Taxes

13%

$390

Home Insurance

6%

$175

HOA

0%

$0

Property Management

12%

$370

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$339

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