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

Total Return
$24,712
Annualized Return
7.3%
Cap Rate
8.9%
Gross Yield
17.1%
Cash Flow
$5,043
Appreciation
1.4%
Gross Yield
17.1%
 
Cap Rate
8.9%
 
Cash on Cash
7.3%
 
Ann. Return
7.3%
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
$24,712
Appreciation
1.4%
Net Cash Flow Year 1 Year 3 Year 5 Year 10
Annual $5,043 $5,431 $5,846 $6,824
Monthly $420 $453 $487 $569
Property Value in 2024
$68,583
Loan Balance
$0
Disposition Fees
-$2,400

Sale Proceeds
$66,183
At Purchase in Year 1 in Year 5 in Year 10 in Year 15
Property Value
Appreciation Gain
$64,000
 
$64,892
$1,795
$68,583
$6,641
$79,507
$17,892
$92,170
$30,936
Loan Balance $0
$0
$0
$0
$0
Your Equity
$64,000
Downpayment
$64,892
 
$68,583
 
$79,507
 
$92,170
 

Equity Build-up