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$3,960 (target)

15792 Constitution Dr, Macomb, MI 48044

3 beds • 3 baths • 2389 sqft

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This property looks like a bad Mid-Term investment with a projected -1.86% first-year return on $115k initial cash invested.

-1.86%

Cash On Cash

6.07%

Cap Rate

0.99

DSCR

$3,960

Rent

-$178

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,960 income − $4,138 expenses = $178 out of pocket

Income$3,960Out of Pocket$178Mortgage P&I$2,34859%Property Taxes$2837%Insurance$1614%Management$47512%CapEx$1584%Vacancy$1193%Maintenance$1584%Other$43611%

Investment Breakdown

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Purchase Price

$460k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$91,980

Closing costs

1%

$4,599

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,960

Total Expenses

$4,138

Mortgage P&I

59%

$2,348

Property Taxes

7%

$283

Home Insurance

4%

$161

HOA

0%

$0

Property Management

12%

$475

CapEx

4%

$158

Vacancy

3%

$119

Maintenance

4%

$158

Other

11%

$436

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