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$3,310 (target)

1357 W Saratoga Ave, Ferndale, MI 48220

3 beds • 2 baths • 1177 sqft

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This property might be a fair Mid-Term investment with a projected 7.29% first-year return on $75,750 initial cash invested.

7.29%

Cash On Cash

8.54%

Cap Rate

1.43

DSCR

$3,310

Rent

$460

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,310 income − $2,850 expenses = $460 cash flow

Income$3,310Mortgage P&I$1,36641%Property Taxes$2648%Insurance$963%Management$39712%CapEx$1324%Vacancy$993%Maintenance$1324%Other$36411%Cash Flow$460

Investment Breakdown

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Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,310

Total Expenses

$2,850

Mortgage P&I

41%

$1,366

Property Taxes

8%

$264

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$397

CapEx

4%

$132

Vacancy

3%

$99

Maintenance

4%

$132

Other

11%

$364

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