Roseville, MI 48066

[Maisa Vahedi]

Hi Folks at BP! 

Hope you all are doing well. 

I am purchasing my first rental property in America and I need your advice with it. The Neighborhood has good schools and is in a crime safe area. What do you think? 

Here are the numbers:

Michigan Portfolio Returns
Address	Monthly rent
17704 Ivanhoe, Roseville	$825
Total	$825
Purchase Price	$61,000
Gross Annual Rent	$9,900
Annual Expenses	$3,110
% of portfolio value acquired by financing	70%
Cash Invesment ($)	$18,300
Loan Amount	$42,700
Annual Finance Repayment	$3,778
NET ANNUAL Income	$3,012
ANNUAL ROI	13.3%
Estimated Closing Costs
Total Closing Costs	$4,270
Total Cash Investment ($)	$22,570
Total Cash Investment (£)
Assumptions
Interest Rate (Fixed)	8.050%
Payment Period (years)	30