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$3,795 (target)

9034 Elmhurst Ave, Plymouth, MI 48170

3 beds • 2 baths • 1767 sqft

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This property might be a fair Mid-Term investment with a projected 1.81% first-year return on $95,700 initial cash invested.

1.81%

Cash On Cash

6.93%

Cap Rate

1.16

DSCR

$3,795

Rent

$144

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,795 income − $3,651 expenses = $144 cash flow

Income$3,795Mortgage P&I$1,84048%Property Taxes$38810%Insurance$1334%Management$45512%CapEx$1524%Vacancy$1143%Maintenance$1524%Other$41711%Cash Flow$144

Investment Breakdown

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Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,700

Downpayment

20%

$74,000

Closing costs

1%

$3,700

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,795

Total Expenses

$3,651

Mortgage P&I

48%

$1,840

Property Taxes

10%

$388

Home Insurance

4%

$133

HOA

0%

$0

Property Management

12%

$455

CapEx

4%

$152

Vacancy

3%

$114

Maintenance

4%

$152

Other

11%

$417

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