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$1,795 (target)

13789 Iowa Dr, Warren, MI 48088

3 beds • 2 baths • 2005 sqft

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This property looks like a bad Long-Term investment with a projected -7.84% first-year return on $47,733 initial cash invested.

-7.84%

Cash On Cash

5.57%

Cap Rate

0.83

DSCR

$1,795

Rent

-$312

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,795 income − $2,107 expenses = $312 out of pocket

Income$1,795Out of Pocket$312Mortgage P&I$1,27771%Property Taxes$28216%Insurance$804%Management$18010%CapEx$905%Vacancy$1086%Maintenance$905%

Investment Breakdown

|

Purchase Price

$227k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,733

Downpayment

20%

$45,460

Closing costs

1%

$2,273

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,795

Total Expenses

$2,107

Mortgage P&I

71%

$1,277

Property Taxes

16%

$282

Home Insurance

4%

$80

HOA

0%

$0

Property Management

10%

$180

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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