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$1,986 (target)

6047 N State Rd, Davison, MI 48423

3 beds • 2 baths • 2030 sqft

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This property looks like a bad Mid-Term investment with a projected -15.26% first-year return on $115k initial cash invested.

-15.26%

Cash On Cash

2.42%

Cap Rate

0.4

DSCR

$1,986

Rent

-$1,457

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,986 income − $3,443 expenses = $1,457 out of pocket

Income$1,986Out of Pocket$1,457Mortgage P&I$2,304116%Property Taxes$30415%Insurance$1618%Management$23812%CapEx$794%Vacancy$603%Maintenance$794%Other$21811%

Investment Breakdown

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Purchase Price

$460k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$91,980

Closing costs

1%

$4,599

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,986

Total Expenses

$3,443

Mortgage P&I

116%

$2,304

Property Taxes

15%

$304

Home Insurance

8%

$161

HOA

0%

$0

Property Management

12%

$238

CapEx

4%

$79

Vacancy

3%

$60

Maintenance

4%

$79

Other

11%

$218

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