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$5,282 (target)

759 Washington Rd, Grosse Pointe, MI 48230

3 beds • 3 baths • 2491 sqft

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This property might be a fair Mid-Term investment with a projected 0.35% first-year return on $126k initial cash invested.

0.35%

Cash On Cash

6.68%

Cap Rate

1.09

DSCR

$5,282

Rent

$37

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,282 income − $5,245 expenses = $37 cash flow

Income$5,282Mortgage P&I$2,62050%Property Taxes$62012%Insurance$2104%Management$63412%CapEx$2114%Vacancy$1583%Maintenance$2114%Other$58111%Cash Flow$37

Investment Breakdown

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Purchase Price

$515k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$103k

Closing costs

1%

$5,152

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,282

Total Expenses

$5,245

Mortgage P&I

50%

$2,620

Property Taxes

12%

$620

Home Insurance

4%

$210

HOA

0%

$0

Property Management

12%

$634

CapEx

4%

$211

Vacancy

3%

$158

Maintenance

4%

$211

Other

11%

$581

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