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$2,931 (target)

6970 Biscayne Ave, White Lake, MI 48383

3 beds • 2 baths • 2100 sqft

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This property looks like a bad Mid-Term investment with a projected -5.95% first-year return on $94,650 initial cash invested.

-5.95%

Cash On Cash

5.11%

Cap Rate

0.82

DSCR

$2,931

Rent

-$469

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,931 income − $3,400 expenses = $469 out of pocket

Income$2,931Out of Pocket$469Mortgage P&I$1,90565%Property Taxes$37113%Insurance$1284%Management$35212%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%

Investment Breakdown

|

Purchase Price

$365k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,650

Downpayment

20%

$73,000

Closing costs

1%

$3,650

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,931

Total Expenses

$3,400

Mortgage P&I

65%

$1,905

Property Taxes

13%

$371

Home Insurance

4%

$128

HOA

0%

$0

Property Management

12%

$352

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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