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$2,460 (target)

629 S Winter St, Adrian, MI 49221

3 beds • 2 baths • 1171 sqft

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This property could be a profitable Mid-Term investment with a projected 16.21% first-year return on $46,182 initial cash invested.

16.21%

Cash On Cash

12.94%

Cap Rate

2

DSCR

$2,460

Rent

$624

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,460 income − $1,836 expenses = $624 cash flow

Income$2,460Mortgage P&I$72529%Property Taxes$2279%Insurance$482%Management$29512%CapEx$984%Vacancy$743%Maintenance$984%Other$27111%Cash Flow$624

Investment Breakdown

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Purchase Price

$134k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,182

Downpayment

20%

$26,840

Closing costs

1%

$1,342

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$2,460

Total Expenses

$1,836

Mortgage P&I

29%

$725

Property Taxes

9%

$227

Home Insurance

2%

$48

HOA

0%

$0

Property Management

12%

$295

CapEx

4%

$98

Vacancy

3%

$74

Maintenance

4%

$98

Other

11%

$271

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