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$2,416 (target)

502 E Ashman St, Midland, MI 48642

3 beds • 2 baths • 1532 sqft

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This property might be a fair Mid-Term investment with a projected 1.93% first-year return on $64,725 initial cash invested.

1.93%

Cash On Cash

7.51%

Cap Rate

1.17

DSCR

$2,416

Rent

$104

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,416 income − $2,312 expenses = $104 cash flow

Income$2,416Mortgage P&I$1,19249%Property Taxes$2289%Insurance$703%Management$29012%CapEx$974%Vacancy$723%Maintenance$974%Other$26611%Cash Flow$104

Investment Breakdown

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Purchase Price

$223k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,725

Downpayment

20%

$44,500

Closing costs

1%

$2,225

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,416

Total Expenses

$2,312

Mortgage P&I

49%

$1,192

Property Taxes

9%

$228

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$290

CapEx

4%

$97

Vacancy

3%

$72

Maintenance

4%

$97

Other

11%

$266

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