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$3,432 (target)

57572 Meadowridge Dr, Washington, MI 48094

3 beds • 4 baths • 3114 sqft

$1,149,890

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This property looks like a bad Mid-Term investment with a projected -20.02% first-year return on $259k initial cash invested.

-20.02%

Cash On Cash

1.72%

Cap Rate

0.28

DSCR

$3,432

Rent

-$4,329

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,432 income − $7,761 expenses = $4,329 out of pocket

Income$3,432Out of Pocket$4,329Mortgage P&I$5,839170%Property Taxes$13Insurance$40212%HOA$34010%Management$41212%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37811%

Investment Breakdown

|

Purchase Price

$1150k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$259k

Downpayment

20%

$230k

Closing costs

1%

$11,499

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,432

Total Expenses

$7,761

Mortgage P&I

170%

$5,839

Property Taxes

0%

$13

Home Insurance

12%

$402

HOA

10%

$340

Property Management

12%

$412

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$378

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