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$2,661 (target)

4246 23rd St, Wyandotte, MI 48192

3 beds • 2 baths • 1011 sqft

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This property might be a fair Mid-Term investment with a projected 1.48% first-year return on $65,040 initial cash invested.

1.48%

Cash On Cash

7.46%

Cap Rate

1.15

DSCR

$2,661

Rent

$80

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,661 income − $2,581 expenses = $80 cash flow

Income$2,661Mortgage P&I$1,20645%Property Taxes$39215%Insurance$793%Management$31912%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29311%Cash Flow$80

Investment Breakdown

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Purchase Price

$224k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,040

Downpayment

20%

$44,800

Closing costs

1%

$2,240

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,661

Total Expenses

$2,581

Mortgage P&I

45%

$1,206

Property Taxes

15%

$392

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$319

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$293

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