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$3,789 (target)

41970 Jason Dr, Clinton Township, MI 48038

3 beds • 2 baths • 1900 sqft

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This property might be a fair Mid-Term investment with a projected 1.46% first-year return on $96,708 initial cash invested.

1.46%

Cash On Cash

6.89%

Cap Rate

1.14

DSCR

$3,789

Rent

$118

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,789 income − $3,671 expenses = $118 cash flow

Income$3,789Mortgage P&I$1,88350%Property Taxes$36710%Insurance$1313%Management$45512%CapEx$1524%Vacancy$1143%Maintenance$1524%Other$41711%Cash Flow$118

Investment Breakdown

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Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,708

Downpayment

20%

$74,960

Closing costs

1%

$3,748

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,789

Total Expenses

$3,671

Mortgage P&I

50%

$1,883

Property Taxes

10%

$367

Home Insurance

3%

$131

HOA

0%

$0

Property Management

12%

$455

CapEx

4%

$152

Vacancy

3%

$114

Maintenance

4%

$152

Other

11%

$417

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