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11000 Summerfield Rd, Temperance, MI 48182

3 beds • 2 baths • 1402 sqft

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This property looks like a bad Mid-Term investment with a projected -2.63% first-year return on $92,214 initial cash invested.

-2.63%

Cash On Cash

5.6%

Cap Rate

0.95

DSCR

$2,954

Rent

-$202

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$353k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,214

Downpayment

20%

$70,680

Closing costs

1%

$3,534

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,954

Total Expenses

$3,156

Mortgage P&I

59%

$1,734

Property Taxes

10%

$308

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$354

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$325

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