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$2,648 (target)

9055 Columbia, Redford, MI 48239

3 beds • 2 baths • 1851 sqft

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This property might be a fair Mid-Term investment with a projected 2.55% first-year return on $59,391 initial cash invested.

2.55%

Cash On Cash

8.15%

Cap Rate

1.21

DSCR

$2,648

Rent

$126

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,648 income − $2,522 expenses = $126 cash flow

Income$2,648Mortgage P&I$1,10742%Property Taxes$43817%Insurance$773%Management$31812%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29111%Cash Flow$126

Investment Breakdown

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Purchase Price

$197k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,391

Downpayment

20%

$39,420

Closing costs

1%

$1,971

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,648

Total Expenses

$2,522

Mortgage P&I

42%

$1,107

Property Taxes

17%

$438

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$318

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$291

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