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$2,706 (target)

18613 Santa Rosa Dr, Detroit, MI 48221

3 beds • 2 baths • 1568 sqft

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This property might be a fair Mid-Term investment with a projected 0.96% first-year return on $61,050 initial cash invested.

0.96%

Cash On Cash

7.35%

Cap Rate

1.14

DSCR

$2,706

Rent

$49

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,706 income − $2,657 expenses = $49 cash flow

Income$2,706Mortgage P&I$1,09941%Property Taxes$56621%Insurance$723%Management$32512%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29811%Cash Flow$49

Investment Breakdown

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Purchase Price

$205k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,050

Downpayment

20%

$41,000

Closing costs

1%

$2,050

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,706

Total Expenses

$2,657

Mortgage P&I

41%

$1,099

Property Taxes

21%

$566

Home Insurance

3%

$72

HOA

0%

$0

Property Management

12%

$325

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$298

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