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$2,913 (target)

6816 Mansfield St, Garden City, MI 48135

3 beds • 2 baths • 1044 sqft

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This property looks like a bad Mid-Term investment with a projected -1.48% first-year return on $70,500 initial cash invested.

-1.48%

Cash On Cash

6.68%

Cap Rate

1.02

DSCR

$2,913

Rent

-$87

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,913 income − $3,000 expenses = $87 out of pocket

Income$2,913Out of Pocket$87Mortgage P&I$1,36147%Property Taxes$56619%Insurance$823%Management$35012%CapEx$1174%Vacancy$873%Maintenance$1174%Other$32011%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,913

Total Expenses

$3,000

Mortgage P&I

47%

$1,361

Property Taxes

19%

$566

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$350

CapEx

4%

$117

Vacancy

3%

$87

Maintenance

4%

$117

Other

11%

$320

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