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$4,182 (target)

47 Old Carriage Ln, Lapeer, MI 48446

3 beds • 3 baths • 1472 sqft

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This property might be a fair Mid-Term investment with a projected 9.3% first-year return on $86,418 initial cash invested.

9.3%

Cash On Cash

9.31%

Cap Rate

1.49

DSCR

$4,182

Rent

$670

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,182 income − $3,512 expenses = $670 cash flow

Income$4,182Mortgage P&I$1,69240%Property Taxes$2807%Insurance$1193%Management$50212%CapEx$1674%Vacancy$1253%Maintenance$1674%Other$46011%Cash Flow$670

Investment Breakdown

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Purchase Price

$326k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,418

Downpayment

20%

$65,160

Closing costs

1%

$3,258

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$4,182

Total Expenses

$3,512

Mortgage P&I

40%

$1,692

Property Taxes

7%

$280

Home Insurance

3%

$119

HOA

0%

$0

Property Management

12%

$502

CapEx

4%

$167

Vacancy

3%

$125

Maintenance

4%

$167

Other

11%

$460

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