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$2,490 (target)

4205 Katherine St, Dearborn Heights, MI 48125

3 beds • 2 baths • 1080 sqft

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This property might be a fair Mid-Term investment with a projected 5.4% first-year return on $60,840 initial cash invested.

5.4%

Cash On Cash

8.72%

Cap Rate

1.34

DSCR

$2,490

Rent

$274

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,490 income − $2,216 expenses = $274 cash flow

Income$2,490Mortgage P&I$1,10844%Property Taxes$1888%Insurance$723%Management$29912%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27411%Cash Flow$274

Investment Breakdown

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Purchase Price

$204k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,840

Downpayment

20%

$40,800

Closing costs

1%

$2,040

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,490

Total Expenses

$2,216

Mortgage P&I

45%

$1,108

Property Taxes

8%

$188

Home Insurance

3%

$72

HOA

0%

$0

Property Management

12%

$299

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$274

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