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1236 Edgewood Rd, Birmingham, MI 48009

3 beds • 5 baths • 3354 sqft

$1,009,800

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This property looks like a bad Mid-Term investment with a projected -4.52% first-year return on $230k initial cash invested.

-4.52%

Cash On Cash

5.37%

Cap Rate

0.9

DSCR

$8,638

Rent

-$867

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$1010k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$230k

Downpayment

20%

$202k

Closing costs

1%

$10,098

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$8,638

Total Expenses

$9,505

Mortgage P&I

58%

$5,040

Property Taxes

13%

$1,160

Home Insurance

4%

$367

HOA

0%

$0

Property Management

12%

$1,037

CapEx

4%

$346

Vacancy

3%

$259

Maintenance

4%

$346

Other

11%

$950

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