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$3,687 (target)

2954 Harvard Rd, Berkley, MI 48072

3 beds • 2 baths • 1402 sqft

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This property might be a fair Mid-Term investment with a projected 3.17% first-year return on $87,489 initial cash invested.

3.17%

Cash On Cash

7.35%

Cap Rate

1.23

DSCR

$3,687

Rent

$231

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,687 income − $3,456 expenses = $231 cash flow

Income$3,687Mortgage P&I$1,65045%Property Taxes$44812%Insurance$1053%Management$44212%CapEx$1474%Vacancy$1113%Maintenance$1474%Other$40611%Cash Flow$231

Investment Breakdown

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Purchase Price

$331k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,489

Downpayment

20%

$66,180

Closing costs

1%

$3,309

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,687

Total Expenses

$3,456

Mortgage P&I

45%

$1,650

Property Taxes

12%

$448

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$442

CapEx

4%

$147

Vacancy

3%

$111

Maintenance

4%

$147

Other

11%

$406

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