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$3,027 (target)

13252 Chestnut St, Southgate, MI 48195

3 beds • 2 baths • 2016 sqft

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This property might be a fair Mid-Term investment with a projected 0.45% first-year return on $69,912 initial cash invested.

0.45%

Cash On Cash

7.19%

Cap Rate

1.11

DSCR

$3,027

Rent

$26

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,027 income − $3,001 expenses = $26 cash flow

Income$3,027Mortgage P&I$1,33444%Property Taxes$55018%Insurance$883%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33311%Cash Flow$26

Investment Breakdown

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Purchase Price

$247k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,912

Downpayment

20%

$49,440

Closing costs

1%

$2,472

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,027

Total Expenses

$3,001

Mortgage P&I

44%

$1,334

Property Taxes

18%

$550

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

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