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$3,516 (target)

5067 Algonquin Blvd, Clarkston, MI 48348

3 beds • 2 baths • 1884 sqft

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This property might be a fair Mid-Term investment with a projected 5.63% first-year return on $82,470 initial cash invested.

5.63%

Cash On Cash

8%

Cap Rate

1.35

DSCR

$3,516

Rent

$387

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,516 income − $3,129 expenses = $387 cash flow

Income$3,516Mortgage P&I$1,51843%Property Taxes$2848%Insurance$1314%Management$42212%CapEx$1414%Vacancy$1053%Maintenance$1414%Other$38711%Cash Flow$387

Investment Breakdown

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Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,470

Downpayment

20%

$61,400

Closing costs

1%

$3,070

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,516

Total Expenses

$3,129

Mortgage P&I

43%

$1,518

Property Taxes

8%

$284

Home Insurance

4%

$131

HOA

0%

$0

Property Management

12%

$422

CapEx

4%

$141

Vacancy

3%

$105

Maintenance

4%

$141

Other

11%

$387

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