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490 Glenn Ct, Lake Orion, MI 48362

3 beds • 2 baths • 1785 sqft

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This property might be a fair Mid-Term investment with a projected 4.6% first-year return on $89,673 initial cash invested.

4.6%

Cash On Cash

7.57%

Cap Rate

1.29

DSCR

$3,606

Rent

$344

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,673

Downpayment

20%

$68,260

Closing costs

1%

$3,413

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,606

Total Expenses

$3,262

Mortgage P&I

46%

$1,665

Property Taxes

7%

$249

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$433

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$397

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