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$2,199 (target)

634 Michelle Ct, Garden City, MI 48135

3 beds • 2 baths • 1962 sqft

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This property looks like a bad Mid-Term investment with a projected -6.56% first-year return on $71,550 initial cash invested.

-6.56%

Cash On Cash

4.68%

Cap Rate

0.77

DSCR

$2,199

Rent

-$391

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,199 income − $2,590 expenses = $391 out of pocket

Income$2,199Out of Pocket$391Mortgage P&I$1,29859%Property Taxes$45321%Insurance$914%Management$26412%CapEx$884%Vacancy$663%Maintenance$884%Other$24211%

Investment Breakdown

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Purchase Price

$255k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,550

Downpayment

20%

$51,000

Closing costs

1%

$2,550

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,199

Total Expenses

$2,590

Mortgage P&I

59%

$1,298

Property Taxes

21%

$453

Home Insurance

4%

$91

HOA

0%

$0

Property Management

12%

$264

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$242

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