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$359,999

For Sale - Active
14392 Canterberry, Monroe, MI 48161
4 Beds
3 Baths
1,936 Square Feet
0.25 Acres Lot
Built in 2001
For Sale - Active
Units n/a
Checked: 22 hours ago
Updated: Aug 03, 2025 at 05:33AM

Investment Summary


Monthly Cash Flow
-$627
Cap Rate
4.1%
Cash-on-Cash Return
-9.1%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.8%

Property Description


0.25 Acres Lot
Built in 2001
For Sale - Active
Units n/a

This beautiful home offers a bright and open layout with space to relax and entertain. The kitchen opens to the living area, creating a warm and inviting atmosphere. Enjoy four bedrooms, a comfortable primary suite, and a private fenced backyard. Located in an idyllic neighborhood close to schools, parks, and shopping. Newer Furnace (2022). All data & measurements approximate & not guaranteed. Buyer / BATVI.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Garage Faces Front, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full
  • Fireplace: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1228002600
  • Lot Size: 10890 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary
  • Year Built: 2001

Tax Information

  • Annual Tax: $3,609

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Monroe

Listing Details


Listed by:
Katja Classic
RE/MAX Classic
(734) 757-0717

Source:
Southwestern Michigan Association of REALTORS
MLS#: 25021329
Southwestern Michigan Association of REALTORS

Investment Summary


Monthly Cash Flow
-$627
Cap Rate
4.1%
Cash-on-Cash Return
-9.1%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.8%

Purchase Details

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Purchase price:
$359,999
Amount financed:
-$287,999
Down payment:
$72,000
Closing costs:
$10,800
Rehab costs:
$0
Initial cash invested:
$82,800
Square feet:
1,936
Cost per square foot:
$186
Monthly rent per square foot:
$1.14

Financing Details

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Loan amount:
$287,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,844
Property tax:
$301
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,299

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$301-$3,609
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (39%)
39%-$851-$10,209

Cash Flow


Monthly Yearly
Net operating income:
$1,217 $14,604
Mortgage payments:
-$1,844 -$22,128
Cash flow:
$627 $7,524