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$4,708 (target)

6480 Grand Circle Dr, Brighton, MI 48116

3 beds • 3 baths • 2286 sqft

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This property might be a fair Mid-Term investment with a projected 3.63% first-year return on $114k initial cash invested.

3.63%

Cash On Cash

7.53%

Cap Rate

1.23

DSCR

$4,708

Rent

$345

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,708 income − $4,363 expenses = $345 cash flow

Income$4,708Mortgage P&I$2,33650%Property Taxes$2616%Insurance$1633%HOA$3Management$56512%CapEx$1884%Vacancy$1413%Maintenance$1884%Other$51811%Cash Flow$345

Investment Breakdown

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Purchase Price

$458k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,500

Closing costs

1%

$4,575

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,708

Total Expenses

$4,363

Mortgage P&I

50%

$2,336

Property Taxes

6%

$261

Home Insurance

3%

$163

HOA

0%

$3

Property Management

12%

$565

CapEx

4%

$188

Vacancy

3%

$141

Maintenance

4%

$188

Other

11%

$518

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