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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 Long-Term investment with a projected -12.78% first-year return on $56,700 initial cash invested.
-12.78%
Cash On Cash
4%
Cap Rate
0.64
DSCR
$2,033
Rent
-$604
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,033 income − $2,637 expenses = $604 out of pocket
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,700
Downpayment
20%
$54,000
Closing costs
1%
$2,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,033
Total Expenses
$2,637
Mortgage P&I
69%
$1,402
Property Taxes
30%
$612
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0