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$3,936 (target)

1527 Hazel Ave, Birmingham, MI 48009

3 beds • 2 baths • 1649 sqft

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This property looks like a bad Mid-Term investment with a projected -1.14% first-year return on $111k initial cash invested.

-1.14%

Cash On Cash

6.08%

Cap Rate

1.02

DSCR

$3,936

Rent

-$106

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,936 income − $4,042 expenses = $106 out of pocket

Income$3,936Out of Pocket$106Mortgage P&I$2,19956%Property Taxes$3409%Insurance$1664%Management$47212%CapEx$1574%Vacancy$1183%Maintenance$1574%Other$43311%

Investment Breakdown

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Purchase Price

$444k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,860

Closing costs

1%

$4,443

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,936

Total Expenses

$4,042

Mortgage P&I

56%

$2,199

Property Taxes

9%

$340

Home Insurance

4%

$166

HOA

0%

$0

Property Management

12%

$472

CapEx

4%

$157

Vacancy

3%

$118

Maintenance

4%

$157

Other

11%

$433

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