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$2,469 (target)

19488 Brady Ave, Redford, MI 48240

3 beds • 2 baths • 1240 sqft

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This property might be a fair Mid-Term investment with a projected 8.27% first-year return on $54,729 initial cash invested.

8.27%

Cash On Cash

9.74%

Cap Rate

1.5

DSCR

$2,469

Rent

$377

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,469 income − $2,092 expenses = $377 cash flow

Income$2,469Mortgage P&I$94338%Property Taxes$24810%Insurance$612%Management$29612%CapEx$994%Vacancy$743%Maintenance$994%Other$27211%Cash Flow$377

Investment Breakdown

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Purchase Price

$175k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,729

Downpayment

20%

$34,980

Closing costs

1%

$1,749

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,469

Total Expenses

$2,092

Mortgage P&I

38%

$943

Property Taxes

10%

$248

Home Insurance

2%

$61

HOA

0%

$0

Property Management

12%

$296

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$272

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