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$2,982 (target)

8847 Woodbine, Redford, MI 48239

3 beds • 2 baths • 1962 sqft

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This property might be a fair Mid-Term investment with a projected 9.67% first-year return on $59,832 initial cash invested.

9.67%

Cash On Cash

10.1%

Cap Rate

1.56

DSCR

$2,982

Rent

$482

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,982 income − $2,500 expenses = $482 cash flow

Income$2,982Mortgage P&I$1,07536%Property Taxes$34211%Insurance$702%Management$35812%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32811%Cash Flow$482

Investment Breakdown

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Purchase Price

$199k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,832

Downpayment

20%

$39,840

Closing costs

1%

$1,992

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,982

Total Expenses

$2,500

Mortgage P&I

36%

$1,075

Property Taxes

11%

$342

Home Insurance

2%

$70

HOA

0%

$0

Property Management

12%

$358

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$328

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