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501 Alexander Dr, Commerce Township, MI 48390

3 beds • 3 baths • 2684 sqft

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This property might be a fair Mid-Term investment with a projected 2.28% first-year return on $111k initial cash invested.

2.28%

Cash On Cash

6.92%

Cap Rate

1.18

DSCR

$4,568

Rent

$211

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$442k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,460

Closing costs

1%

$4,423

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,568

Total Expenses

$4,357

Mortgage P&I

47%

$2,158

Property Taxes

9%

$430

Home Insurance

3%

$158

HOA

1%

$58

Property Management

12%

$548

CapEx

4%

$183

Vacancy

3%

$137

Maintenance

4%

$183

Other

11%

$502

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