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$2,292 (target)

14257 Artesian St, Detroit, MI 48223

3 beds • 3 baths • 2075 sqft

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This property looks like a bad Mid-Term investment with a projected -3.18% first-year return on $74,679 initial cash invested.

-3.18%

Cash On Cash

5.52%

Cap Rate

0.92

DSCR

$2,292

Rent

-$198

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,292 income − $2,490 expenses = $198 out of pocket

Income$2,292Out of Pocket$198Mortgage P&I$1,34759%Property Taxes$26912%Insurance$944%Management$27512%CapEx$924%Vacancy$693%Maintenance$924%Other$25211%

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,679

Downpayment

20%

$53,980

Closing costs

1%

$2,699

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,292

Total Expenses

$2,490

Mortgage P&I

59%

$1,347

Property Taxes

12%

$269

Home Insurance

4%

$94

HOA

0%

$0

Property Management

12%

$275

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$252

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