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$3,912 (target)

409 Fleming St, Howell, MI 48843

3 beds • 3 baths • 1865 sqft

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This property might be a fair Mid-Term investment with a projected 8.14% first-year return on $80,979 initial cash invested.

8.14%

Cash On Cash

9.14%

Cap Rate

1.45

DSCR

$3,912

Rent

$549

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,912 income − $3,363 expenses = $549 cash flow

Income$3,912Mortgage P&I$1,57940%Property Taxes$3519%Insurance$1053%Management$46912%CapEx$1564%Vacancy$1173%Maintenance$1564%Other$43011%Cash Flow$549

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,912

Total Expenses

$3,363

Mortgage P&I

40%

$1,579

Property Taxes

9%

$351

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$469

CapEx

4%

$156

Vacancy

3%

$117

Maintenance

4%

$156

Other

11%

$430

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