640 Martin Luther King Jr Blvd S, Pontiac, MI 48341
3 beds • 2 baths • 2060 sqft
$199,900
View on ZillowThis property might be a fair Long-Term investment with a projected 3.77% first-year return on $41,979 initial cash invested.
3.77%
Cash On Cash
8.01%
Cap Rate
1.2
DSCR
$1,884
Rent
$132
Cashflow
Cash Flow
$1,884 income − $1,752 expenses = $132 cash flow
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,979
Downpayment
20%
$39,980
Closing costs
1%
$1,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,884
Total Expenses
$1,752
Mortgage P&I
59%
$1,108
Property Taxes
5%
$85
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0