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$2,078 (target)

5048 Glenis St, Dearborn Heights, MI 48125

3 beds • 2 baths • 1802 sqft

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This property could be a profitable Mid-Term investment with a projected 11.85% first-year return on $46,980 initial cash invested.

11.85%

Cash On Cash

11.16%

Cap Rate

1.74

DSCR

$2,078

Rent

$464

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,078 income − $1,614 expenses = $464 cash flow

Income$2,078Mortgage P&I$73635%Property Taxes$1216%Insurance$512%Management$24912%CapEx$834%Vacancy$623%Maintenance$834%Other$22911%Cash Flow$464

Investment Breakdown

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Purchase Price

$138k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,980

Downpayment

20%

$27,600

Closing costs

1%

$1,380

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$2,078

Total Expenses

$1,614

Mortgage P&I

35%

$736

Property Taxes

6%

$121

Home Insurance

2%

$51

HOA

0%

$0

Property Management

12%

$249

CapEx

4%

$83

Vacancy

3%

$62

Maintenance

4%

$83

Other

11%

$229

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