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$2,262 (target)

20301 Kenosha St, Harper Woods, MI 48225

3 beds • 2 baths • 1782 sqft

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This property might be a fair Mid-Term investment with a projected 4.38% first-year return on $53,679 initial cash invested.

4.38%

Cash On Cash

8.5%

Cap Rate

1.31

DSCR

$2,262

Rent

$196

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,262 income − $2,066 expenses = $196 cash flow

Income$2,262Mortgage P&I$91841%Property Taxes$32014%Insurance$603%Management$27112%CapEx$904%Vacancy$683%Maintenance$904%Other$24911%Cash Flow$196

Investment Breakdown

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Purchase Price

$170k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,679

Downpayment

20%

$33,980

Closing costs

1%

$1,699

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,262

Total Expenses

$2,066

Mortgage P&I

41%

$918

Property Taxes

14%

$320

Home Insurance

3%

$60

HOA

0%

$0

Property Management

12%

$271

CapEx

4%

$90

Vacancy

3%

$68

Maintenance

4%

$90

Other

11%

$249

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