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$4,442 (target)

61328 Saddle Creek Dr, South Lyon, MI 48178

3 beds • 3 baths • 2338 sqft

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This property looks like a bad Mid-Term investment with a projected -9.38% first-year return on $151k initial cash invested.

-9.38%

Cash On Cash

4.2%

Cap Rate

0.69

DSCR

$4,442

Rent

-$1,181

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,442 income − $5,623 expenses = $1,181 out of pocket

Income$4,442Out of Pocket$1,181Mortgage P&I$3,22373%Property Taxes$58613%Insurance$2285%HOA$752%Management$53312%CapEx$1784%Vacancy$1333%Maintenance$1784%Other$48911%

Investment Breakdown

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Purchase Price

$634k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$151k

Downpayment

20%

$127k

Closing costs

1%

$6,337

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,442

Total Expenses

$5,623

Mortgage P&I

73%

$3,223

Property Taxes

13%

$586

Home Insurance

5%

$228

HOA

2%

$75

Property Management

12%

$533

CapEx

4%

$178

Vacancy

3%

$133

Maintenance

4%

$178

Other

11%

$489

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