26023 Norfolk St Inkster, MI 48141
2bd, 1ba | 710sqft | Built in 1950
investment property - 26023 Norfolk St, Inkster, MI 48141, Wayne - image 0
Expand
investment property - 26023 Norfolk St, Inkster, MI 48141, Wayne - image 0
investment property - 26023 Norfolk St, Inkster, MI 48141, Wayne - image 1
investment property - 26023 Norfolk St, Inkster, MI 48141, Wayne - image 2
Initial Investment
$68,660
List Price: $64,000
Purchase Price
$64,000
Down Payment
100%
Rent
$911

Total Return
$24,274
Annualized Return
7.1%
Cap Rate
8.7%
Gross Yield
17.1%
Cash Flow
$4,958
Appreciation
1.4%
Gross Yield
17.1%
 
Cap Rate
8.7%
 
Cash on Cash
7.2%
 
Ann. Return
7.1%
in 5 years
Initial Investment
$68,660
Purchase Price
$64,000
Down Payment
100%
Loan Interest Rate
4.750%
Closing Costs
1.50%
Est. Immediate Costs
$3,700
Total Return
$24,274
Appreciation
1.4%
Net Cash Flow Year 1 Year 3 Year 5 Year 10
Annual $4,958 $5,344 $5,756 $6,722
Monthly $413 $445 $480 $560
Property Value in 2025
$68,583
Loan Balance
$0
Disposition Fees
-$2,400

Sale Proceeds
$66,183

Est. Investment Value over time

Year 5 Year 10 Year 20 Year 30
Cumulative Net Cash Flow $26,751
$446/mo
$58,457
$487/mo
$137,824
$574/mo
$244,486
$679/mo
Cumulative Appreciation Gain $4,583
$15,507
$42,851
$79,599
Equity Build Up $64,000
$64,000
$64,000
$64,000
Total Investment Value $95,335
$137,965
$244,675
$388,085