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20926 Lennon St, Harper Woods, MI 48225

3 beds • 3 baths • 2105 sqft

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This property might be a fair Mid-Term investment with a projected 7.44% first-year return on $60,000 initial cash invested.

7.44%

Cash On Cash

9.23%

Cap Rate

1.46

DSCR

$2,894

Rent

$372

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$200k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,000

Downpayment

20%

$40,000

Closing costs

1%

$2,000

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,894

Total Expenses

$2,522

Mortgage P&I

36%

$1,051

Property Taxes

14%

$417

Home Insurance

2%

$70

HOA

0%

$0

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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