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$3,680 (target)

46743 Landings Dr, Macomb, MI 48044

3 beds • 4 baths • 3650 sqft

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This property looks like a bad Mid-Term investment with a projected -3.45% first-year return on $109k initial cash invested.

-3.45%

Cash On Cash

5.77%

Cap Rate

0.93

DSCR

$3,680

Rent

-$314

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,680 income − $3,994 expenses = $314 out of pocket

Income$3,680Out of Pocket$314Mortgage P&I$2,25461%Property Taxes$2998%Insurance$1725%HOA$18Management$44212%CapEx$1474%Vacancy$1103%Maintenance$1474%Other$40511%

Investment Breakdown

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Purchase Price

$434k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,780

Closing costs

1%

$4,339

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,680

Total Expenses

$3,994

Mortgage P&I

61%

$2,254

Property Taxes

8%

$299

Home Insurance

5%

$172

HOA

0%

$18

Property Management

12%

$442

CapEx

4%

$147

Vacancy

3%

$110

Maintenance

4%

$147

Other

11%

$405

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