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$3,278 (target)

16094 Harden Cir, Southfield, MI 48075

3 beds • 2 baths • 1615 sqft

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This property might be a fair Mid-Term investment with a projected 6.64% first-year return on $71,340 initial cash invested.

6.64%

Cash On Cash

9.1%

Cap Rate

1.38

DSCR

$3,278

Rent

$395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,278 income − $2,883 expenses = $395 cash flow

Income$3,278Mortgage P&I$1,40043%Property Taxes$2809%Insurance$893%Management$39312%CapEx$1314%Vacancy$983%Maintenance$1314%Other$36111%Cash Flow$395

Investment Breakdown

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Purchase Price

$254k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,340

Downpayment

20%

$50,800

Closing costs

1%

$2,540

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,278

Total Expenses

$2,883

Mortgage P&I

43%

$1,400

Property Taxes

9%

$280

Home Insurance

3%

$89

HOA

0%

$0

Property Management

12%

$393

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$361

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