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$3,842 (target)

3987 Michelle Dr, Saint Joseph, MI 49085

3 beds • 2 baths • 1646 sqft

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This property might be a fair Mid-Term investment with a projected 3.32% first-year return on $91,857 initial cash invested.

3.32%

Cash On Cash

7.63%

Cap Rate

1.22

DSCR

$3,842

Rent

$254

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,842 income − $3,588 expenses = $254 cash flow

Income$3,842Mortgage P&I$1,82748%Property Taxes$3279%Insurance$1273%Management$46112%CapEx$1544%Vacancy$1153%Maintenance$1544%Other$42311%Cash Flow$254

Investment Breakdown

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Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,857

Downpayment

20%

$70,340

Closing costs

1%

$3,517

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,842

Total Expenses

$3,588

Mortgage P&I

48%

$1,827

Property Taxes

9%

$327

Home Insurance

3%

$127

HOA

0%

$0

Property Management

12%

$461

CapEx

4%

$154

Vacancy

3%

$115

Maintenance

4%

$154

Other

11%

$423

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