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$3,110 (target)

6300 Bullard Rd, Fenton, MI 48430

3 beds • 3 baths • 1900 sqft

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This property looks like a bad Long-Term investment with a projected -12.41% first-year return on $109k initial cash invested.

-12.41%

Cash On Cash

3.72%

Cap Rate

0.62

DSCR

$3,110

Rent

-$1,129

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,110 income − $4,239 expenses = $1,129 out of pocket

Income$3,110Out of Pocket$1,129Mortgage P&I$2,58583%Property Taxes$66221%Insurance$1826%Management$31110%CapEx$1565%Vacancy$1876%Maintenance$1565%

Investment Breakdown

|

Purchase Price

$520k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$104k

Closing costs

1%

$5,199

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,110

Total Expenses

$4,239

Mortgage P&I

83%

$2,585

Property Taxes

21%

$662

Home Insurance

6%

$182

HOA

0%

$0

Property Management

10%

$311

CapEx

5%

$156

Vacancy

6%

$187

Maintenance

5%

$156

Other

0%

$0

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