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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 Mid-Term investment with a projected -1.61% first-year return on $82,533 initial cash invested.

-1.61%

Cash On Cash

5.88%

Cap Rate

1

DSCR

$2,904

Rent

-$111

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

$82,533

Downpayment

20%

$61,460

Closing costs

1%

$3,073

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,904

Total Expenses

$3,015

Mortgage P&I

52%

$1,502

Property Taxes

14%

$417

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$348

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$319

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