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5256 Harvard Rd, Detroit, MI 48224

3 beds • 2 baths • 1923 sqft

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This property might be a fair Mid-Term investment with a projected 4.98% first-year return on $60,000 initial cash invested.

4.98%

Cash On Cash

8.4%

Cap Rate

1.32

DSCR

$2,358

Rent

$249

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$200k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,000

Downpayment

20%

$40,000

Closing costs

1%

$2,000

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,358

Total Expenses

$2,109

Mortgage P&I

45%

$1,057

Property Taxes

8%

$181

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$283

CapEx

4%

$94

Vacancy

3%

$71

Maintenance

4%

$94

Other

11%

$259

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