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$3,591 (target)

9298 Varodell Dr, Davison, MI 48423

3 beds • 2 baths • 2384 sqft

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This property might be a fair Mid-Term investment with a projected 1.81% first-year return on $76,947 initial cash invested.

1.81%

Cash On Cash

7.51%

Cap Rate

1.17

DSCR

$3,591

Rent

$116

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,591 income − $3,475 expenses = $116 cash flow

Income$3,591Mortgage P&I$1,49742%Property Taxes$66919%Insurance$872%Management$43112%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39511%Cash Flow$116

Investment Breakdown

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Purchase Price

$281k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,947

Downpayment

20%

$56,140

Closing costs

1%

$2,807

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,591

Total Expenses

$3,475

Mortgage P&I

42%

$1,497

Property Taxes

19%

$669

Home Insurance

2%

$87

HOA

0%

$0

Property Management

12%

$431

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$395

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