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$5,463 (target)

707 Nelson St, Brighton, MI 48116

3 beds • 3 baths • 2302 sqft

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This property looks like a bad Mid-Term investment with a projected -5.29% first-year return on $152k initial cash invested.

-5.29%

Cash On Cash

5.1%

Cap Rate

0.86

DSCR

$5,463

Rent

-$671

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,463 income − $6,134 expenses = $671 out of pocket

Income$5,463Out of Pocket$671Mortgage P&I$3,16858%Property Taxes$88316%Insurance$2244%Management$65612%CapEx$2194%Vacancy$1643%Maintenance$2194%Other$60111%

Investment Breakdown

|

Purchase Price

$639k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$152k

Downpayment

20%

$128k

Closing costs

1%

$6,390

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,463

Total Expenses

$6,134

Mortgage P&I

58%

$3,168

Property Taxes

16%

$883

Home Insurance

4%

$224

HOA

0%

$0

Property Management

12%

$656

CapEx

4%

$219

Vacancy

3%

$164

Maintenance

4%

$219

Other

11%

$601

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