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$3,104 (target)

2957 Thomas Ave, Berkley, MI 48072

3 beds • 2 baths • 1953 sqft

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This property might be a fair Mid-Term investment with a projected 6.25% first-year return on $72,369 initial cash invested.

6.25%

Cash On Cash

8.29%

Cap Rate

1.39

DSCR

$3,104

Rent

$377

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,104 income − $2,727 expenses = $377 cash flow

Income$3,104Mortgage P&I$1,28841%Property Taxes$2638%Insurance$1224%Management$37212%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34111%Cash Flow$377

Investment Breakdown

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Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,369

Downpayment

20%

$51,780

Closing costs

1%

$2,589

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,104

Total Expenses

$2,727

Mortgage P&I

41%

$1,288

Property Taxes

8%

$263

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$372

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$341

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