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$2,062 (target)

15637 Cox St, Clinton Township, MI 48038

3 beds • 2 baths • 2000 sqft

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This property looks like a bad Mid-Term investment with a projected -7.39% first-year return on $76,296 initial cash invested.

-7.39%

Cash On Cash

4.29%

Cap Rate

0.72

DSCR

$2,062

Rent

-$470

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,062 income − $2,532 expenses = $470 out of pocket

Income$2,062Out of Pocket$470Mortgage P&I$1,38067%Property Taxes$34717%Insurance$1055%Management$24712%CapEx$824%Vacancy$623%Maintenance$824%Other$22711%

Investment Breakdown

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Purchase Price

$278k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,296

Downpayment

20%

$55,520

Closing costs

1%

$2,776

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,062

Total Expenses

$2,532

Mortgage P&I

67%

$1,380

Property Taxes

17%

$347

Home Insurance

5%

$105

HOA

0%

$0

Property Management

12%

$247

CapEx

4%

$82

Vacancy

3%

$62

Maintenance

4%

$82

Other

11%

$227

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