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$3,460 (target)

21 Edison Ave, Ypsilanti, MI 48197

3 beds • 2 baths • 2284 sqft

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This property might be a fair Mid-Term investment with a projected 4.93% first-year return on $81,042 initial cash invested.

4.93%

Cash On Cash

7.81%

Cap Rate

1.32

DSCR

$3,460

Rent

$333

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,460 income − $3,127 expenses = $333 cash flow

Income$3,460Mortgage P&I$1,48243%Property Taxes$36911%Insurance$1003%Management$41512%CapEx$1384%Vacancy$1043%Maintenance$1384%Other$38111%Cash Flow$333

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,042

Downpayment

20%

$60,040

Closing costs

1%

$3,002

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,460

Total Expenses

$3,127

Mortgage P&I

43%

$1,482

Property Taxes

11%

$369

Home Insurance

3%

$100

HOA

0%

$0

Property Management

12%

$415

CapEx

4%

$138

Vacancy

3%

$104

Maintenance

4%

$138

Other

11%

$381

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