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$3,714 (target)

6434 W Farrand Rd, Clio, MI 48420

3 beds • 3 baths • 2505 sqft

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This property might be a fair Mid-Term investment with a projected 7.3% first-year return on $88,056 initial cash invested.

7.3%

Cash On Cash

8.86%

Cap Rate

1.39

DSCR

$3,714

Rent

$536

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,714 income − $3,178 expenses = $536 cash flow

Income$3,714Mortgage P&I$1,77748%Property Taxes$18Insurance$1193%Management$44612%CapEx$1494%Vacancy$1113%Maintenance$1494%Other$40911%Cash Flow$536

Investment Breakdown

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Purchase Price

$334k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,056

Downpayment

20%

$66,720

Closing costs

1%

$3,336

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,714

Total Expenses

$3,178

Mortgage P&I

48%

$1,777

Property Taxes

0%

$18

Home Insurance

3%

$119

HOA

0%

$0

Property Management

12%

$446

CapEx

4%

$149

Vacancy

3%

$111

Maintenance

4%

$149

Other

11%

$409

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