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$4,689 (target)

12721-27 Mile Rd, Washington, MI 48094

3 beds • 3 baths • 2700 sqft

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This property looks like a bad Mid-Term investment with a projected -10.96% first-year return on $135k initial cash invested.

-10.96%

Cash On Cash

3.84%

Cap Rate

0.63

DSCR

$4,689

Rent

-$1,236

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,689 income − $5,925 expenses = $1,236 out of pocket

Income$4,689Out of Pocket$1,236Mortgage P&I$2,83861%Property Taxes$1,08523%Insurance$4069%Management$56312%CapEx$1884%Vacancy$1413%Maintenance$1884%Other$51611%

Investment Breakdown

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Purchase Price

$559k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$135k

Downpayment

20%

$112k

Closing costs

1%

$5,589

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,689

Total Expenses

$5,925

Mortgage P&I

61%

$2,838

Property Taxes

23%

$1,085

Home Insurance

9%

$406

HOA

0%

$0

Property Management

12%

$563

CapEx

4%

$188

Vacancy

3%

$141

Maintenance

4%

$188

Other

11%

$516

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