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$3,496 (target)

19338 Delaware Ave, Redford, MI 48240

3 beds • 4 baths • 2050 sqft

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This property might be a fair Mid-Term investment with a projected 4.29% first-year return on $73,356 initial cash invested.

4.29%

Cash On Cash

8.48%

Cap Rate

1.28

DSCR

$3,496

Rent

$262

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,496 income − $3,234 expenses = $262 cash flow

Income$3,496Mortgage P&I$1,46142%Property Taxes$49014%Insurance$933%Management$42012%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38511%Cash Flow$262

Investment Breakdown

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Purchase Price

$264k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,356

Downpayment

20%

$52,720

Closing costs

1%

$2,636

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,496

Total Expenses

$3,234

Mortgage P&I

42%

$1,461

Property Taxes

14%

$490

Home Insurance

3%

$93

HOA

0%

$0

Property Management

12%

$420

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$385

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