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$2,712 (target)

9561 Salem, Redford, MI 48239

3 beds • 2 baths • 1880 sqft

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This property could be a profitable Mid-Term investment with a projected 11.21% first-year return on $55,779 initial cash invested.

11.21%

Cash On Cash

10.69%

Cap Rate

1.65

DSCR

$2,712

Rent

$521

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,712 income − $2,191 expenses = $521 cash flow

Income$2,712Mortgage P&I$97436%Property Taxes$2349%Insurance$632%Management$32512%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29811%Cash Flow$521

Investment Breakdown

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Purchase Price

$180k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,779

Downpayment

20%

$35,980

Closing costs

1%

$1,799

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,712

Total Expenses

$2,191

Mortgage P&I

36%

$974

Property Taxes

9%

$234

Home Insurance

2%

$63

HOA

0%

$0

Property Management

12%

$325

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$298

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