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$3,120 (target)

3323 Gardner Ave, Berkley, MI 48072

3 beds • 3 baths • 2200 sqft

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This property looks like a bad Mid-Term investment with a projected -8.59% first-year return on $112k initial cash invested.

-8.59%

Cash On Cash

4.42%

Cap Rate

0.71

DSCR

$3,120

Rent

-$805

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,120 income − $3,925 expenses = $805 out of pocket

Income$3,120Out of Pocket$805Mortgage P&I$2,33775%Property Taxes$36912%Insurance$1585%Management$37412%CapEx$1254%Vacancy$943%Maintenance$1254%Other$34311%

Investment Breakdown

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Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,980

Closing costs

1%

$4,499

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,120

Total Expenses

$3,925

Mortgage P&I

75%

$2,337

Property Taxes

12%

$369

Home Insurance

5%

$158

HOA

0%

$0

Property Management

12%

$374

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$343

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