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1385 Berkshire St, Westland, MI 48186

3 beds • 2 baths • 1098 sqft

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This property might be a fair Mid-Term investment with a projected 1.9% first-year return on $61,197 initial cash invested.

1.9%

Cash On Cash

7.48%

Cap Rate

1.19

DSCR

$2,738

Rent

$97

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$206k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,197

Downpayment

20%

$41,140

Closing costs

1%

$2,057

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,738

Total Expenses

$2,641

Mortgage P&I

39%

$1,076

Property Taxes

20%

$559

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$329

CapEx

4%

$110

Vacancy

3%

$82

Maintenance

4%

$110

Other

11%

$301

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