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$2,835 (target)

8285 Pilgrim St, Washington, MI 48094

3 beds • 2 baths • 1495 sqft

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This property looks like a bad Mid-Term investment with a projected -3.25% first-year return on $76,443 initial cash invested.

-3.25%

Cash On Cash

6.16%

Cap Rate

0.94

DSCR

$2,835

Rent

-$207

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,835 income − $3,042 expenses = $207 out of pocket

Income$2,835Out of Pocket$207Mortgage P&I$1,52354%Property Taxes$45116%Insurance$1054%Management$34012%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31211%

Investment Breakdown

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Purchase Price

$278k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,443

Downpayment

20%

$55,660

Closing costs

1%

$2,783

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,835

Total Expenses

$3,042

Mortgage P&I

54%

$1,523

Property Taxes

16%

$451

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$340

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$312

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