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$1,819 (target)

1275 University Ave, Adrian, MI 49221

3 beds • 3 baths • 2004 sqft

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This property looks like a bad Long-Term investment with a projected -9.02% first-year return on $49,623 initial cash invested.

-9.02%

Cash On Cash

4.87%

Cap Rate

0.77

DSCR

$1,819

Rent

-$373

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,819 income − $2,192 expenses = $373 out of pocket

Income$1,819Out of Pocket$373Mortgage P&I$1,24068%Property Taxes$39522%Insurance$845%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%

Investment Breakdown

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Purchase Price

$236k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,623

Downpayment

20%

$47,260

Closing costs

1%

$2,363

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,819

Total Expenses

$2,192

Mortgage P&I

68%

$1,240

Property Taxes

22%

$395

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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