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$5,040 (target)

48626 Thorncroft Dr, Macomb, MI 48044

3 beds • 4 baths • 3988 sqft

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This property might be a fair Mid-Term investment with a projected 4.43% first-year return on $118k initial cash invested.

4.43%

Cash On Cash

7.58%

Cap Rate

1.27

DSCR

$5,040

Rent

$435

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,040 income − $4,605 expenses = $435 cash flow

Income$5,040Mortgage P&I$2,36247%Property Taxes$3487%Insurance$1663%HOA$15Management$60512%CapEx$2024%Vacancy$1513%Maintenance$2024%Other$55411%Cash Flow$435

Investment Breakdown

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Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,000

Closing costs

1%

$4,750

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,040

Total Expenses

$4,605

Mortgage P&I

47%

$2,362

Property Taxes

7%

$348

Home Insurance

3%

$166

HOA

0%

$15

Property Management

12%

$605

CapEx

4%

$202

Vacancy

3%

$151

Maintenance

4%

$202

Other

11%

$554

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