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20905 Van Buren St, Southfield, MI 48033

3 beds • 2 baths • 2200 sqft

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This property might be a fair Mid-Term investment with a projected 6.72% first-year return on $76,779 initial cash invested.

6.72%

Cash On Cash

8.27%

Cap Rate

1.41

DSCR

$3,279

Rent

$430

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,779

Downpayment

20%

$55,980

Closing costs

1%

$2,799

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,279

Total Expenses

$2,849

Mortgage P&I

42%

$1,368

Property Taxes

8%

$269

Home Insurance

3%

$98

HOA

0%

$0

Property Management

12%

$393

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$361

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