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$2,901 (target)

3437 Cornell St, Dearborn, MI 48124

3 beds • 2 baths • 1951 sqft

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This property might be a fair Mid-Term investment with a projected 4.67% first-year return on $70,479 initial cash invested.

4.67%

Cash On Cash

8.36%

Cap Rate

1.29

DSCR

$2,901

Rent

$274

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,901 income − $2,627 expenses = $274 cash flow

Income$2,901Mortgage P&I$1,35147%Property Taxes$2027%Insurance$883%Management$34812%CapEx$1164%Vacancy$873%Maintenance$1164%Other$31911%Cash Flow$274

Investment Breakdown

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Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,901

Total Expenses

$2,627

Mortgage P&I

47%

$1,351

Property Taxes

7%

$202

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$348

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$319

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