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$2,642 (target)

1759 Fischer St, Detroit, MI 48214

3 beds • 2 baths • 2250 sqft

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This property looks like a bad Mid-Term investment with a projected -3.67% first-year return on $91,899 initial cash invested.

-3.67%

Cash On Cash

5.79%

Cap Rate

0.91

DSCR

$2,642

Rent

-$281

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,642 income − $2,923 expenses = $281 out of pocket

Income$2,642Out of Pocket$281Mortgage P&I$1,87371%Property Taxes$231%Insurance$1285%Management$31712%CapEx$1064%Vacancy$793%Maintenance$1064%Other$29111%

Investment Breakdown

|

Purchase Price

$352k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,899

Downpayment

20%

$70,380

Closing costs

1%

$3,519

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,642

Total Expenses

$2,923

Mortgage P&I

71%

$1,873

Property Taxes

1%

$23

Home Insurance

5%

$128

HOA

0%

$0

Property Management

12%

$317

CapEx

4%

$106

Vacancy

3%

$79

Maintenance

4%

$106

Other

11%

$291

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