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$3,670 (target)

18956 Superior St, Southgate, MI 48195

3 beds • 3 baths • 2291 sqft

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This property might be a fair Mid-Term investment with a projected 5.19% first-year return on $79,950 initial cash invested.

5.19%

Cash On Cash

8.13%

Cap Rate

1.33

DSCR

$3,670

Rent

$346

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,670 income − $3,324 expenses = $346 cash flow

Income$3,670Mortgage P&I$1,50641%Property Taxes$46713%Insurance$1033%Management$44012%CapEx$1474%Vacancy$1103%Maintenance$1474%Other$40411%Cash Flow$346

Investment Breakdown

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Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,670

Total Expenses

$3,324

Mortgage P&I

41%

$1,506

Property Taxes

13%

$467

Home Insurance

3%

$103

HOA

0%

$0

Property Management

12%

$440

CapEx

4%

$147

Vacancy

3%

$110

Maintenance

4%

$147

Other

11%

$404

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