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$1,977 (target)

12890 Hemingway, Redford, MI 48239

3 beds • 2 baths • 1942 sqft

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This property looks like a bad Long-Term investment with a projected -5.1% first-year return on $52,479 initial cash invested.

-5.1%

Cash On Cash

5.97%

Cap Rate

0.91

DSCR

$1,977

Rent

-$223

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,977 income − $2,200 expenses = $223 out of pocket

Income$1,977Out of Pocket$223Mortgage P&I$1,36869%Property Taxes$22912%Insurance$884%Management$19810%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,977

Total Expenses

$2,200

Mortgage P&I

69%

$1,368

Property Taxes

12%

$229

Home Insurance

4%

$88

HOA

0%

$0

Property Management

10%

$198

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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