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$2,752 (target)

2060 Oakcrest Rd, Sterling Heights, MI 48310

3 beds • 2 baths • 1053 sqft

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This property might be a fair Mid-Term investment with a projected 3.23% first-year return on $70,290 initial cash invested.

3.23%

Cash On Cash

7.71%

Cap Rate

1.23

DSCR

$2,752

Rent

$189

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,752 income − $2,563 expenses = $189 cash flow

Income$2,752Mortgage P&I$1,30147%Property Taxes$2399%Insurance$873%Management$33012%CapEx$1104%Vacancy$833%Maintenance$1104%Other$30311%Cash Flow$189

Investment Breakdown

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Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,290

Downpayment

20%

$49,800

Closing costs

1%

$2,490

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,752

Total Expenses

$2,563

Mortgage P&I

47%

$1,301

Property Taxes

9%

$239

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$330

CapEx

4%

$110

Vacancy

3%

$83

Maintenance

4%

$110

Other

11%

$303

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