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$2,313 (target)

10883 Balfour Rd, Detroit, MI 48224

3 beds • 3 baths • 1700 sqft

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This property could be a profitable Mid-Term investment with a projected 21.44% first-year return on $40,407 initial cash invested.

21.44%

Cash On Cash

15.55%

Cap Rate

2.43

DSCR

$2,313

Rent

$722

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,313 income − $1,591 expenses = $722 cash flow

Income$2,313Mortgage P&I$56825%Property Taxes$1808%Insurance$562%Management$27812%CapEx$934%Vacancy$693%Maintenance$934%Other$25411%Cash Flow$722

Investment Breakdown

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Purchase Price

$107k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,407

Downpayment

20%

$21,340

Closing costs

1%

$1,067

Rehab

0%

$0

Furnishing

17%

$18,000

Cashflow

Total Income

$2,313

Total Expenses

$1,591

Mortgage P&I

25%

$568

Property Taxes

8%

$180

Home Insurance

2%

$56

HOA

0%

$0

Property Management

12%

$278

CapEx

4%

$93

Vacancy

3%

$69

Maintenance

4%

$93

Other

11%

$254

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