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$3,105 (target)

6943 Colonial St, Dearborn Heights, MI 48127

3 beds • 2 baths • 1577 sqft

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This property could be a profitable Mid-Term investment with a projected 11.65% first-year return on $64,179 initial cash invested.

11.65%

Cash On Cash

10.21%

Cap Rate

1.66

DSCR

$3,105

Rent

$623

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,105 income − $2,482 expenses = $623 cash flow

Income$3,105Mortgage P&I$1,12436%Property Taxes$1976%Insurance$1053%Management$37312%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34211%Cash Flow$623

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,179

Downpayment

20%

$43,980

Closing costs

1%

$2,199

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,105

Total Expenses

$2,482

Mortgage P&I

36%

$1,124

Property Taxes

6%

$197

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$373

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$342

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