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$3,730 (target)

1545 Penistone Rd, Birmingham, MI 48009

3 beds • 2 baths • 2461 sqft

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This property looks like a bad Mid-Term investment with a projected -8.31% first-year return on $134k initial cash invested.

-8.31%

Cash On Cash

4.42%

Cap Rate

0.72

DSCR

$3,730

Rent

-$925

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,730 income − $4,655 expenses = $925 out of pocket

Income$3,730Out of Pocket$925Mortgage P&I$2,80175%Property Taxes$39411%Insurance$1925%Management$44812%CapEx$1494%Vacancy$1123%Maintenance$1494%Other$41011%

Investment Breakdown

|

Purchase Price

$550k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$110k

Closing costs

1%

$5,500

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,730

Total Expenses

$4,655

Mortgage P&I

75%

$2,801

Property Taxes

11%

$394

Home Insurance

5%

$192

HOA

0%

$0

Property Management

12%

$448

CapEx

4%

$149

Vacancy

3%

$112

Maintenance

4%

$149

Other

11%

$410

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