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$2,264 (target)

727 Springbrook Ave, Adrian, MI 49221

3 beds • 2 baths • 1162 sqft

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This property might be a fair Mid-Term investment with a projected 2.81% first-year return on $57,228 initial cash invested.

2.81%

Cash On Cash

7.99%

Cap Rate

1.22

DSCR

$2,264

Rent

$134

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,264 income − $2,130 expenses = $134 cash flow

Income$2,264Mortgage P&I$1,01945%Property Taxes$27912%Insurance$613%Management$27212%CapEx$914%Vacancy$683%Maintenance$914%Other$24911%Cash Flow$134

Investment Breakdown

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Purchase Price

$187k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,228

Downpayment

20%

$37,360

Closing costs

1%

$1,868

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,264

Total Expenses

$2,130

Mortgage P&I

45%

$1,019

Property Taxes

12%

$279

Home Insurance

3%

$61

HOA

0%

$0

Property Management

12%

$272

CapEx

4%

$91

Vacancy

3%

$68

Maintenance

4%

$91

Other

11%

$249

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