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$3,280 (target)

603 Heights Rd, Lake Orion, MI 48362

3 beds • 2 baths • 1327 sqft

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This property could be a profitable Mid-Term investment with a projected 11.05% first-year return on $70,689 initial cash invested.

11.05%

Cash On Cash

9.89%

Cap Rate

1.61

DSCR

$3,280

Rent

$651

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,280 income − $2,629 expenses = $651 cash flow

Income$3,280Mortgage P&I$1,28539%Property Taxes$1174%Insurance$1123%Management$39412%CapEx$1314%Vacancy$983%Maintenance$1314%Other$36111%Cash Flow$651

Investment Breakdown

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Purchase Price

$251k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,689

Downpayment

20%

$50,180

Closing costs

1%

$2,509

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,280

Total Expenses

$2,629

Mortgage P&I

39%

$1,285

Property Taxes

4%

$117

Home Insurance

3%

$112

HOA

0%

$0

Property Management

12%

$394

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$361

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