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$3,558 (target)

475 Northland Ct NE, Rockford, MI 49341

3 beds • 2 baths • 1938 sqft

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This property might be a fair Mid-Term investment with a projected 0.52% first-year return on $89,463 initial cash invested.

0.52%

Cash On Cash

6.72%

Cap Rate

1.1

DSCR

$3,558

Rent

$39

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,558 income − $3,519 expenses = $39 cash flow

Income$3,558Mortgage P&I$1,72548%Property Taxes$46413%Insurance$1213%Management$42712%CapEx$1424%Vacancy$1073%Maintenance$1424%Other$39111%Cash Flow$39

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,463

Downpayment

20%

$68,060

Closing costs

1%

$3,403

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,558

Total Expenses

$3,519

Mortgage P&I

48%

$1,725

Property Taxes

13%

$464

Home Insurance

3%

$121

HOA

0%

$0

Property Management

12%

$427

CapEx

4%

$142

Vacancy

3%

$107

Maintenance

4%

$142

Other

11%

$391

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