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$3,026 (target)

399 Surrey Hts, Westland, MI 48186

3 beds • 2 baths • 2292 sqft

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This property might be a fair Mid-Term investment with a projected 2.75% first-year return on $78,102 initial cash invested.

2.75%

Cash On Cash

7.38%

Cap Rate

1.21

DSCR

$3,026

Rent

$179

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,026 income − $2,847 expenses = $179 cash flow

Income$3,026Mortgage P&I$1,46048%Property Taxes$2568%Insurance$1023%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33311%Cash Flow$179

Investment Breakdown

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Purchase Price

$286k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,102

Downpayment

20%

$57,240

Closing costs

1%

$2,862

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,026

Total Expenses

$2,847

Mortgage P&I

48%

$1,460

Property Taxes

8%

$256

Home Insurance

3%

$102

HOA

0%

$0

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

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