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$3,528 (target)

6135 Inkster Rd, Garden City, MI 48135

3 beds • 2 baths • 1810 sqft

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This property could be a profitable Mid-Term investment with a projected 10.02% first-year return on $65,649 initial cash invested.

10.02%

Cash On Cash

10.1%

Cap Rate

1.56

DSCR

$3,528

Rent

$548

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,528 income − $2,980 expenses = $548 cash flow

Income$3,528Mortgage P&I$1,22135%Property Taxes$48014%Insurance$802%Management$42312%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38811%Cash Flow$548

Investment Breakdown

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Purchase Price

$227k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,649

Downpayment

20%

$45,380

Closing costs

1%

$2,269

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,528

Total Expenses

$2,980

Mortgage P&I

35%

$1,221

Property Taxes

14%

$480

Home Insurance

2%

$80

HOA

0%

$0

Property Management

12%

$423

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$388

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