REI Lense

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$2,376 (target)

21305 Prestwick Ave, Harper Woods, MI 48225

3 beds • 2 baths • 1950 sqft

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This property might be a fair Mid-Term investment with a projected 2.53% first-year return on $56,871 initial cash invested.

2.53%

Cash On Cash

7.81%

Cap Rate

1.22

DSCR

$2,376

Rent

$120

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,376 income − $2,256 expenses = $120 cash flow

Income$2,376Mortgage P&I$99042%Property Taxes$39417%Insurance$653%Management$28512%CapEx$954%Vacancy$713%Maintenance$954%Other$26111%Cash Flow$120

Investment Breakdown

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Purchase Price

$185k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,871

Downpayment

20%

$37,020

Closing costs

1%

$1,851

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,376

Total Expenses

$2,256

Mortgage P&I

42%

$990

Property Taxes

17%

$394

Home Insurance

3%

$65

HOA

0%

$0

Property Management

12%

$285

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$261

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