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$4,635 (target)

5517 Starwood Dr, Commerce Township, MI 48382

3 beds • 3 baths • 2279 sqft

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This property might be a fair Mid-Term investment with a projected 7.76% first-year return on $95,406 initial cash invested.

7.76%

Cash On Cash

8.87%

Cap Rate

1.42

DSCR

$4,635

Rent

$617

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,635 income − $4,018 expenses = $617 cash flow

Income$4,635Mortgage P&I$1,92442%Property Taxes$3467%Insurance$1313%HOA$421%Management$55612%CapEx$1854%Vacancy$1393%Maintenance$1854%Other$51011%Cash Flow$617

Investment Breakdown

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Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,406

Downpayment

20%

$73,720

Closing costs

1%

$3,686

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,635

Total Expenses

$4,018

Mortgage P&I

42%

$1,924

Property Taxes

7%

$346

Home Insurance

3%

$131

HOA

1%

$42

Property Management

12%

$556

CapEx

4%

$185

Vacancy

3%

$139

Maintenance

4%

$185

Other

11%

$510

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