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$1,966 (target)

13811 Sherman Ave, Warren, MI 48089

3 beds • 2 baths • 896 sqft

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This property could be a profitable Mid-Term investment with a projected 18.59% first-year return on $38,979 initial cash invested.

18.59%

Cash On Cash

14.91%

Cap Rate

2.22

DSCR

$1,966

Rent

$604

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,966 income − $1,362 expenses = $604 cash flow

Income$1,966Mortgage P&I$55828%Property Taxes$1005%Insurance$352%Management$23612%CapEx$794%Vacancy$593%Maintenance$794%Other$21611%Cash Flow$604

Investment Breakdown

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Purchase Price

$99,900

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$38,979

Downpayment

20%

$19,980

Closing costs

1%

$999

Rehab

0%

$0

Furnishing

18%

$18,000

Cashflow

Total Income

$1,966

Total Expenses

$1,362

Mortgage P&I

28%

$558

Property Taxes

5%

$100

Home Insurance

2%

$35

HOA

0%

$0

Property Management

12%

$236

CapEx

4%

$79

Vacancy

3%

$59

Maintenance

4%

$79

Other

11%

$216

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