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16152 Kingsway Dr, Macomb, MI 48044

3 beds • 4 baths • 3350 sqft

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This property looks like a bad Long-Term investment with a projected -11.76% first-year return on $96,012 initial cash invested.

-11.76%

Cash On Cash

3.74%

Cap Rate

0.64

DSCR

$2,738

Rent

-$941

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$457k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,012

Downpayment

20%

$91,440

Closing costs

1%

$4,572

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,738

Total Expenses

$3,679

Mortgage P&I

81%

$2,230

Property Taxes

20%

$541

Home Insurance

6%

$171

HOA

1%

$25

Property Management

10%

$274

CapEx

5%

$137

Vacancy

6%

$164

Maintenance

5%

$137

Other

0%

$0

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