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$3,666 (target)

2232 Columbia Rd, Berkley, MI 48072

3 beds • 2 baths • 1774 sqft

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This property might be a fair Mid-Term investment with a projected 1.31% first-year return on $86,901 initial cash invested.

1.31%

Cash On Cash

6.88%

Cap Rate

1.15

DSCR

$3,666

Rent

$95

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,666 income − $3,571 expenses = $95 cash flow

Income$3,666Mortgage P&I$1,63845%Property Taxes$57216%Insurance$1143%Management$44012%CapEx$1474%Vacancy$1103%Maintenance$1474%Other$40311%Cash Flow$95

Investment Breakdown

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Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,901

Downpayment

20%

$65,620

Closing costs

1%

$3,281

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,666

Total Expenses

$3,571

Mortgage P&I

45%

$1,638

Property Taxes

16%

$572

Home Insurance

3%

$114

HOA

0%

$0

Property Management

12%

$440

CapEx

4%

$147

Vacancy

3%

$110

Maintenance

4%

$147

Other

11%

$403

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