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7039 Lapham Blvd, Waterford, MI 48329

3 beds • 2 baths • 2790 sqft

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This property might be a fair Mid-Term investment with a projected 2.9% first-year return on $68,169 initial cash invested.

2.9%

Cash On Cash

7.62%

Cap Rate

1.21

DSCR

$2,433

Rent

$165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$239k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,169

Downpayment

20%

$47,780

Closing costs

1%

$2,389

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,433

Total Expenses

$2,268

Mortgage P&I

52%

$1,256

Property Taxes

4%

$103

Home Insurance

3%

$82

HOA

0%

$0

Property Management

12%

$292

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$268

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