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$2,308 (target)

18672 Lennane, Redford, MI 48240

3 beds • 2 baths • 892 sqft

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This property could be a profitable Mid-Term investment with a projected 12.26% first-year return on $49,815 initial cash invested.

12.26%

Cash On Cash

11.25%

Cap Rate

1.73

DSCR

$2,308

Rent

$509

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,308 income − $1,799 expenses = $509 cash flow

Income$2,308Mortgage P&I$81935%Property Taxes$1426%Insurance$542%Management$27712%CapEx$924%Vacancy$693%Maintenance$924%Other$25411%Cash Flow$509

Investment Breakdown

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Purchase Price

$152k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,815

Downpayment

20%

$30,300

Closing costs

1%

$1,515

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$2,308

Total Expenses

$1,799

Mortgage P&I

35%

$819

Property Taxes

6%

$142

Home Insurance

2%

$54

HOA

0%

$0

Property Management

12%

$277

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$254

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