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$2,961 (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 Long-Term investment with a projected -17.32% first-year return on $133k initial cash invested.

-17.32%

Cash On Cash

2.75%

Cap Rate

0.45

DSCR

$2,961

Rent

-$1,921

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,961 income − $4,882 expenses = $1,921 out of pocket

Income$2,961Out of Pocket$1,921Mortgage P&I$3,223109%Property Taxes$58620%Insurance$2288%HOA$753%Management$29610%CapEx$1485%Vacancy$1786%Maintenance$1485%

Investment Breakdown

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Purchase Price

$634k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$127k

Closing costs

1%

$6,337

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,961

Total Expenses

$4,882

Mortgage P&I

109%

$3,223

Property Taxes

20%

$586

Home Insurance

8%

$228

HOA

3%

$75

Property Management

10%

$296

CapEx

5%

$148

Vacancy

6%

$178

Maintenance

5%

$148

Other

0%

$0

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