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$3,747 (target)

6740 Summerfield Rd, Temperance, MI 48182

3 beds • 2 baths • 1806 sqft

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This property might be a fair Mid-Term investment with a projected 9.81% first-year return on $81,861 initial cash invested.

9.81%

Cash On Cash

9.22%

Cap Rate

1.54

DSCR

$3,747

Rent

$669

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,747 income − $3,078 expenses = $669 cash flow

Income$3,747Mortgage P&I$1,51841%Property Taxes$1865%Insurance$1003%Management$45012%CapEx$1504%Vacancy$1123%Maintenance$1504%Other$41211%Cash Flow$669

Investment Breakdown

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Purchase Price

$304k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,861

Downpayment

20%

$60,820

Closing costs

1%

$3,041

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,747

Total Expenses

$3,078

Mortgage P&I

41%

$1,518

Property Taxes

5%

$186

Home Insurance

3%

$100

HOA

0%

$0

Property Management

12%

$450

CapEx

4%

$150

Vacancy

3%

$112

Maintenance

4%

$150

Other

11%

$412

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