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$3,363 (target)

965 E Remus Rd, Mount Pleasant, MI 48858

3 beds • 2 baths • 1848 sqft

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This property could be a profitable Mid-Term investment with a projected 13.83% first-year return on $63,234 initial cash invested.

13.83%

Cash On Cash

11.41%

Cap Rate

1.73

DSCR

$3,363

Rent

$729

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,363 income − $2,634 expenses = $729 cash flow

Income$3,363Mortgage P&I$1,18435%Property Taxes$2287%Insurance$772%Management$40412%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37011%Cash Flow$729

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,234

Downpayment

20%

$43,080

Closing costs

1%

$2,154

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,363

Total Expenses

$2,634

Mortgage P&I

35%

$1,184

Property Taxes

7%

$228

Home Insurance

2%

$77

HOA

0%

$0

Property Management

12%

$404

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$370

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