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$2,850 (target)

1265 Elm St, Wyandotte, MI 48192

3 beds • 2 baths • 1534 sqft

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This property might be a fair Mid-Term investment with a projected 5.27% first-year return on $66,699 initial cash invested.

5.27%

Cash On Cash

8.72%

Cap Rate

1.32

DSCR

$2,850

Rent

$293

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,850 income − $2,557 expenses = $293 cash flow

Income$2,850Mortgage P&I$1,27845%Property Taxes$2188%Insurance$913%Management$34212%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31411%Cash Flow$293

Investment Breakdown

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Purchase Price

$232k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,699

Downpayment

20%

$46,380

Closing costs

1%

$2,319

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,850

Total Expenses

$2,557

Mortgage P&I

45%

$1,278

Property Taxes

8%

$218

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$342

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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