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$4,568 (target)

8303 Old Hbr, Grand Blanc, MI 48439

3 beds • 3 baths • 2442 sqft

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This property might be a fair Mid-Term investment with a projected 2.44% first-year return on $98,997 initial cash invested.

2.44%

Cash On Cash

7.88%

Cap Rate

1.18

DSCR

$4,568

Rent

$201

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,568 income − $4,367 expenses = $201 cash flow

Income$4,568Mortgage P&I$2,14847%Property Taxes$53012%Insurance$1363%Management$54812%CapEx$1834%Vacancy$1373%Maintenance$1834%Other$50211%Cash Flow$201

Investment Breakdown

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Purchase Price

$386k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,997

Downpayment

20%

$77,140

Closing costs

1%

$3,857

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,568

Total Expenses

$4,367

Mortgage P&I

47%

$2,148

Property Taxes

12%

$530

Home Insurance

3%

$136

HOA

0%

$0

Property Management

12%

$548

CapEx

4%

$183

Vacancy

3%

$137

Maintenance

4%

$183

Other

11%

$502

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