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$3,483 (target)

715 Springwood Dr SE, Kentwood, MI 49548

3 beds • 2 baths • 1728 sqft

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This property might be a fair Mid-Term investment with a projected 1.38% first-year return on $88,077 initial cash invested.

1.38%

Cash On Cash

6.89%

Cap Rate

1.14

DSCR

$3,483

Rent

$101

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,483 income − $3,382 expenses = $101 cash flow

Income$3,483Mortgage P&I$1,67748%Property Taxes$40312%Insurance$1193%Management$41812%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38311%Cash Flow$101

Investment Breakdown

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Purchase Price

$334k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,077

Downpayment

20%

$66,740

Closing costs

1%

$3,337

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,483

Total Expenses

$3,382

Mortgage P&I

48%

$1,677

Property Taxes

12%

$403

Home Insurance

3%

$119

HOA

0%

$0

Property Management

12%

$418

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$383

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