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$4,276 (target)

23605 Beech Rd, Southfield, MI 48033

3 beds • 3 baths • 3496 sqft

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This property might be a fair Mid-Term investment with a projected 1.86% first-year return on $99,207 initial cash invested.

1.86%

Cash On Cash

7.62%

Cap Rate

1.15

DSCR

$4,276

Rent

$154

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,276 income − $4,122 expenses = $154 cash flow

Income$4,276Mortgage P&I$2,13050%Property Taxes$40810%Insurance$1313%Management$51312%CapEx$1714%Vacancy$1283%Maintenance$1714%Other$47011%Cash Flow$154

Investment Breakdown

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Purchase Price

$387k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,207

Downpayment

20%

$77,340

Closing costs

1%

$3,867

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,276

Total Expenses

$4,122

Mortgage P&I

50%

$2,130

Property Taxes

10%

$408

Home Insurance

3%

$131

HOA

0%

$0

Property Management

12%

$513

CapEx

4%

$171

Vacancy

3%

$128

Maintenance

4%

$171

Other

11%

$470

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