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$1,869 (target)

11551 Creekside Ct, Sterling Heights, MI 48312

3 beds • 2 baths • 1407 sqft

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This property looks like a bad Long-Term investment with a projected -14.09% first-year return on $73,479 initial cash invested.

-14.09%

Cash On Cash

3.4%

Cap Rate

0.56

DSCR

$1,869

Rent

-$863

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,869 income − $2,732 expenses = $863 out of pocket

Income$1,869Out of Pocket$863Mortgage P&I$1,76294%Property Taxes$31317%Insurance$1227%HOA$503%Management$18710%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,869

Total Expenses

$2,732

Mortgage P&I

94%

$1,762

Property Taxes

17%

$313

Home Insurance

7%

$122

HOA

3%

$50

Property Management

10%

$187

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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