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4550 Patrick Rd, West Bloomfield, MI 48322

3 beds • 2 baths • 1647 sqft

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This property might be a fair Mid-Term investment with a projected 5.15% first-year return on $89,631 initial cash invested.

5.15%

Cash On Cash

7.74%

Cap Rate

1.32

DSCR

$3,760

Rent

$385

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,631

Downpayment

20%

$68,220

Closing costs

1%

$3,411

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,760

Total Expenses

$3,375

Mortgage P&I

44%

$1,664

Property Taxes

8%

$303

Home Insurance

3%

$122

HOA

0%

$8

Property Management

12%

$451

CapEx

4%

$150

Vacancy

3%

$113

Maintenance

4%

$150

Other

11%

$414

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