640 Martin Luther King Jr Blvd S, Pontiac, MI 48341
3 beds • 2 baths • 2060 sqft
$199,900
View on ZillowThis property could be a profitable Mid-Term investment with a projected 12.04% first-year return on $59,979 initial cash invested.
12.04%
Cash On Cash
10.94%
Cap Rate
1.65
DSCR
$2,826
Rent
$602
Cashflow
Cash Flow
$2,826 income − $2,224 expenses = $602 cash flow
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,979
Downpayment
20%
$39,980
Closing costs
1%
$1,999
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,826
Total Expenses
$2,224
Mortgage P&I
39%
$1,108
Property Taxes
3%
$85
Home Insurance
2%
$70
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311