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$3,340 (target)

6428 Saline Dr, Waterford, MI 48329

3 beds • 2 baths • 1536 sqft

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This property might be a fair Mid-Term investment with a projected 2.9% first-year return on $81,189 initial cash invested.

2.9%

Cash On Cash

7.37%

Cap Rate

1.22

DSCR

$3,340

Rent

$196

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,340 income − $3,144 expenses = $196 cash flow

Income$3,340Mortgage P&I$1,51945%Property Taxes$39312%Insurance$963%Management$40112%CapEx$1344%Vacancy$1003%Maintenance$1344%Other$36711%Cash Flow$196

Investment Breakdown

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Purchase Price

$301k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,189

Downpayment

20%

$60,180

Closing costs

1%

$3,009

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,340

Total Expenses

$3,144

Mortgage P&I

45%

$1,519

Property Taxes

12%

$393

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$401

CapEx

4%

$134

Vacancy

3%

$100

Maintenance

4%

$134

Other

11%

$367

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