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$1,923 (target)

17459 Delaware Ct, Macomb, MI 48044

3 beds • 3 baths • 2929 sqft

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This property looks like a bad Mid-Term investment with a projected -14.39% first-year return on $86,649 initial cash invested.

-14.39%

Cash On Cash

3.12%

Cap Rate

0.47

DSCR

$1,923

Rent

-$1,039

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,923 income − $2,962 expenses = $1,039 out of pocket

Income$1,923Out of Pocket$1,039Mortgage P&I$1,81294%Property Taxes$35919%Insurance$1367%Management$23112%CapEx$774%Vacancy$583%Maintenance$774%Other$21211%

Investment Breakdown

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Purchase Price

$327k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,649

Downpayment

20%

$65,380

Closing costs

1%

$3,269

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,923

Total Expenses

$2,962

Mortgage P&I

94%

$1,812

Property Taxes

19%

$359

Home Insurance

7%

$136

HOA

0%

$0

Property Management

12%

$231

CapEx

4%

$77

Vacancy

3%

$58

Maintenance

4%

$77

Other

11%

$212

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