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$2,788 (target)

19950 Anita St, Harper Woods, MI 48225

3 beds • 3 baths • 1542 sqft

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This property might be a fair Mid-Term investment with a projected 1.06% first-year return on $63,276 initial cash invested.

1.06%

Cash On Cash

7.5%

Cap Rate

1.14

DSCR

$2,788

Rent

$56

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,788 income − $2,732 expenses = $56 cash flow

Income$2,788Mortgage P&I$1,18042%Property Taxes$52719%Insurance$753%Management$33512%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30711%Cash Flow$56

Investment Breakdown

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Purchase Price

$216k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,276

Downpayment

20%

$43,120

Closing costs

1%

$2,156

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,788

Total Expenses

$2,732

Mortgage P&I

42%

$1,180

Property Taxes

19%

$527

Home Insurance

3%

$75

HOA

0%

$0

Property Management

12%

$335

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$307

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