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$2,804 (target)

11551 Creekside Ct, Sterling Heights, MI 48312

3 beds • 2 baths • 1407 sqft

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This property looks like a bad Mid-Term investment with a projected -5.18% first-year return on $91,479 initial cash invested.

-5.18%

Cash On Cash

5.07%

Cap Rate

0.84

DSCR

$2,804

Rent

-$395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,804 income − $3,199 expenses = $395 out of pocket

Income$2,804Out of Pocket$395Mortgage P&I$1,76263%Property Taxes$31311%Insurance$1224%HOA$502%Management$33612%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30811%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,804

Total Expenses

$3,199

Mortgage P&I

63%

$1,762

Property Taxes

11%

$313

Home Insurance

4%

$122

HOA

2%

$50

Property Management

12%

$336

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$308

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