The Rental Wire

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12 SFR Investment Opportunities | September 7th, 2022

19515 Huntington Rd, Detroit, MI 48219

  • Price: $85,000
  • 3 bedrooms, 1 bathrooms
  • Estimated rental income: $1,290
  • Monthly expected net cash flow: $3,894
  • Expected cash on cash return year 1: 11.96%
  • Expected cash on cash return year 5: 16.34%
  • Expected total out of pocket costs*: $32,543

508 Shepard St, Lansing, MI 48912

  • Price: $110,000
  • 3 bedrooms, 1 bathrooms
  • Estimated rental income: $1,350
  • Monthly expected net cash flow: $2,547
  • Expected cash on cash return year 1: 6.05%
  • Expected cash on cash return year 5: 9.48%
  • Expected total out of pocket costs*: $42,114

5823 S Adams St, Bartonville, IL 61607

  • Price: $84,900
  • 4 bedrooms, 2 bathrooms
  • Estimated rental income: $1,300
  • Monthly expected net cash flow: $3,979
  • Expected cash on cash return year 1: 12.24%
  • Expected cash on cash return year 5: 16.66%
  • Expected total out of pocket costs*: $32,505

27442 Newcastle St, Romulus, MI 48174

  • Price: $119,900
  • 2 bedrooms, 2 bathrooms
  • Estimated rental income: $1,500
  • Monthly expected net cash flow: $2,999
  • Expected cash on cash return year 1: 6.53%
  • Expected cash on cash return year 5: 10.04%
  • Expected total out of pocket costs*: $45,905

16894 Chatham St, Detroit, MI 48219

  • Price: $90,000
  • 2 bedrooms, 1 bathrooms
  • Estimated rental income: $1,192
  • Monthly expected net cash flow: $2,766
  • Expected cash on cash return year 1: 8.03%
  • Expected cash on cash return year 5: 11.78%
  • Expected total out of pocket costs*: $34,457

232 Lathrop St, Lansing, MI 48912

  • Price: $142,500
  • 5 bedrooms, 2 bathrooms
  • Estimated rental income: $1,800
  • Monthly expected net cash flow: $3,699
  • Expected cash on cash return year 1: 6.78%
  • Expected cash on cash return year 5: 10.33%
  • Expected total out of pocket costs*: $54,557

2734 Parkwood Ave, Toledo, OH 43610

  • Price: $155,000
  • 3 bedrooms, 3 bathrooms
  • Estimated rental income: $1,950
  • Monthly expected net cash flow: $3,962
  • Expected cash on cash return year 1: 6.68%
  • Expected cash on cash return year 5: 10.21%
  • Expected total out of pocket costs*: $59,343

205 E Memorial Dr, Muncie, IN 47302

  • Price: $79,900
  • 2 bedrooms, 1 bathrooms
  • Estimated rental income: $999
  • Monthly expected net cash flow: $1,994
  • Expected cash on cash return year 1: 6.52%
  • Expected cash on cash return year 5: 10.03%
  • Expected total out of pocket costs*: $30,590

3948 Revere Dr, Toledo, OH 43612

  • Price: $89,900
  • 4 bedrooms, 2 bathrooms
  • Estimated rental income: $1,088
  • Monthly expected net cash flow: $1,963
  • Expected cash on cash return year 1: 5.70%
  • Expected cash on cash return year 5: 9.08%
  • Expected total out of pocket costs*: $34,419

211 Bert Ln, Inkster, MI 48141

  • Price: $119,700
  • 4 bedrooms, 2 bathrooms
  • Estimated rental income: $1,448
  • Monthly expected net cash flow: $2,608
  • Expected cash on cash return year 1: 5.69%
  • Expected cash on cash return year 5: 9.07%
  • Expected total out of pocket costs*: $45,828

715 Kimball Ave, New Kensington, PA 15068

  • Price: $77,000
  • 3 bedrooms, 2 bathrooms
  • Estimated rental income: $950
  • Monthly expected net cash flow: $1,822
  • Expected cash on cash return year 1: 6.18%
  • Expected cash on cash return year 5: 9.64%
  • Expected total out of pocket costs*: $29,480

15900 Sandburg St, Romulus, MI 48174

  • Price: $124,900
  • 3 bedrooms, 3 bathrooms
  • Estimated rental income: $1,500
  • Monthly expected net cash flow: $2,636
  • Expected cash on cash return year 1: 5.51%
  • Expected cash on cash return year 5: 8.86%
  • Expected total out of pocket costs*: $47,819

That's it for now! If you have any feedback or suggestions, feel free to reply directly to this email. 

-Erik (on behalf of The Rental Wire)

*Cash-on-cash returns assume 20% down, do not include equity / expected appreciation. Projections include maintenance, capex, property management, insurance, taxes, vacancy, closing costs, and incremental one-time cost of ~14% of listing price for renovation / repairs (conservative assumptions). Estimates only, not investment advice.



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