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$2,926 (target)

14411 Hix St, Livonia, MI 48154

3 beds • 2 baths • 1310 sqft

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This property looks like a bad Mid-Term investment with a projected -3.49% first-year return on $91,479 initial cash invested.

-3.49%

Cash On Cash

5.54%

Cap Rate

0.92

DSCR

$2,926

Rent

-$266

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,926 income − $3,192 expenses = $266 out of pocket

Income$2,926Out of Pocket$266Mortgage P&I$1,76360%Property Taxes$31211%Insurance$1224%Management$35112%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,479

Downpayment

20%

$69,980

Closing costs

1%

$3,499

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,926

Total Expenses

$3,192

Mortgage P&I

60%

$1,763

Property Taxes

11%

$312

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$351

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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