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16754 Lola Dr, Redford, MI 48240

3 beds • 2 baths • 1814 sqft

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This property could be a profitable Mid-Term investment with a projected 13.42% first-year return on $60,000 initial cash invested.

13.42%

Cash On Cash

11.05%

Cap Rate

1.75

DSCR

$3,002

Rent

$671

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$200k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,000

Downpayment

20%

$40,000

Closing costs

1%

$2,000

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$3,002

Total Expenses

$2,331

Mortgage P&I

35%

$1,051

Property Taxes

6%

$190

Home Insurance

2%

$70

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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