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12215 Fairview Dr, Sterling Heights, MI 48312

3 beds • 2 baths • 1308 sqft

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This property looks like a bad Long-Term investment with a projected -11.1% first-year return on $64,533 initial cash invested.

-11.1%

Cash On Cash

3.91%

Cap Rate

0.67

DSCR

$1,936

Rent

-$597

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,533

Downpayment

20%

$61,460

Closing costs

1%

$3,073

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,936

Total Expenses

$2,533

Mortgage P&I

78%

$1,502

Property Taxes

22%

$417

Home Insurance

6%

$110

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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