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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 Long-Term investment with a projected -11.22% first-year return on $74,214 initial cash invested.

-11.22%

Cash On Cash

3.86%

Cap Rate

0.66

DSCR

$1,969

Rent

-$694

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

$74,214

Downpayment

20%

$70,680

Closing costs

1%

$3,534

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,969

Total Expenses

$2,663

Mortgage P&I

88%

$1,734

Property Taxes

16%

$308

Home Insurance

6%

$110

HOA

0%

$0

Property Management

10%

$197

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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