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$1,623 (target)

12040 W Parkway St, Redford, MI 48239

3 beds • 2 baths • 1650 sqft

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This property could be a profitable Long-Term investment with a projected 16.91% first-year return on $28,035 initial cash invested.

16.91%

Cash On Cash

10.91%

Cap Rate

1.64

DSCR

$1,623

Rent

$395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,623 income − $1,228 expenses = $395 cash flow

Income$1,623Mortgage P&I$73845%Property Taxes$111%Insurance$584%Management$16210%CapEx$815%Vacancy$976%Maintenance$815%Cash Flow$395

Investment Breakdown

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Purchase Price

$134k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$28,035

Downpayment

20%

$26,700

Closing costs

1%

$1,335

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,623

Total Expenses

$1,228

Mortgage P&I

45%

$738

Property Taxes

1%

$11

Home Insurance

4%

$58

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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