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$2,380 (target)

24235 Puritan, Redford, MI 48239

3 beds • 2 baths • 1314 sqft

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This property could be a profitable Mid-Term investment with a projected 17.14% first-year return on $44,040 initial cash invested.

17.14%

Cash On Cash

13.8%

Cap Rate

2.03

DSCR

$2,380

Rent

$629

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,380 income − $1,751 expenses = $629 cash flow

Income$2,380Mortgage P&I$70229%Property Taxes$1978%Insurance$432%Management$28612%CapEx$954%Vacancy$713%Maintenance$954%Other$26211%Cash Flow$629

Investment Breakdown

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Purchase Price

$124k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,040

Downpayment

20%

$24,800

Closing costs

1%

$1,240

Rehab

0%

$0

Furnishing

15%

$18,000

Cashflow

Total Income

$2,380

Total Expenses

$1,751

Mortgage P&I

30%

$702

Property Taxes

8%

$197

Home Insurance

2%

$43

HOA

0%

$0

Property Management

12%

$286

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$262

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