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$3,408 (target)

4461 Cordley Lake Rd, Pinckney, MI 48169

3 beds • 2 baths • 2186 sqft

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This property looks like a bad Mid-Term investment with a projected -17.34% first-year return on $156k initial cash invested.

-17.34%

Cash On Cash

2.07%

Cap Rate

0.35

DSCR

$3,408

Rent

-$2,261

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,408 income − $5,669 expenses = $2,261 out of pocket

Income$3,408Out of Pocket$2,261Mortgage P&I$3,26496%Property Taxes$1,01130%Insurance$2367%Management$40912%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37511%

Investment Breakdown

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Purchase Price

$659k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$156k

Downpayment

20%

$132k

Closing costs

1%

$6,592

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,408

Total Expenses

$5,669

Mortgage P&I

96%

$3,264

Property Taxes

30%

$1,011

Home Insurance

7%

$236

HOA

0%

$0

Property Management

12%

$409

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$375

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