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1575 W Thirteen Mile Rd, Madison Heights, MI 48071
3 beds • 2 baths • 1760 sqft
$270,000
View on ZillowThis property looks like a bad Mid-Term investment with a projected -1.54% first-year return on $74,700 initial cash invested.
-1.54%
Cash On Cash
6.35%
Cap Rate
1.02
DSCR
$3,050
Rent
-$96
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,050 income − $3,146 expenses = $96 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,700
Downpayment
20%
$54,000
Closing costs
1%
$2,700
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,050
Total Expenses
$3,146
Mortgage P&I
46%
$1,402
Property Taxes
20%
$612
Home Insurance
3%
$94
HOA
0%
$0
Property Management
12%
$366
CapEx
4%
$122
Vacancy
3%
$92
Maintenance
4%
$122
Other
11%
$336