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$2,566 (target)

9130 Kinloch, Redford, MI 48239

3 beds • 2 baths • 2288 sqft

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This property might be a fair Mid-Term investment with a projected 1.74% first-year return on $72,579 initial cash invested.

1.74%

Cash On Cash

6.94%

Cap Rate

1.16

DSCR

$2,566

Rent

$105

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,566 income − $2,461 expenses = $105 cash flow

Income$2,566Mortgage P&I$1,29651%Property Taxes$2018%Insurance$914%Management$30812%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28211%Cash Flow$105

Investment Breakdown

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Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,579

Downpayment

20%

$51,980

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,566

Total Expenses

$2,461

Mortgage P&I

51%

$1,296

Property Taxes

8%

$201

Home Insurance

4%

$91

HOA

0%

$0

Property Management

12%

$308

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$282

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