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$7,574 (target)

1240 Bird Ave, Birmingham, MI 48009

3 beds • 3 baths • 3866 sqft

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This property looks like a bad Mid-Term investment with a projected -6.42% first-year return on $228k initial cash invested.

-6.42%

Cash On Cash

4.9%

Cap Rate

0.82

DSCR

$7,574

Rent

-$1,219

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,574 income − $8,793 expenses = $1,219 out of pocket

Income$7,574Out of Pocket$1,219Mortgage P&I$4,99566%Property Taxes$87312%Insurance$3505%Management$90912%CapEx$3034%Vacancy$2273%Maintenance$3034%Other$83311%

Investment Breakdown

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Purchase Price

$999k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$228k

Downpayment

20%

$200k

Closing costs

1%

$9,990

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$7,574

Total Expenses

$8,793

Mortgage P&I

66%

$4,995

Property Taxes

12%

$873

Home Insurance

5%

$350

HOA

0%

$0

Property Management

12%

$909

CapEx

4%

$303

Vacancy

3%

$227

Maintenance

4%

$303

Other

11%

$833

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