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$2,233 (target)

1800 Cummings Ave, Berkley, MI 48072

3 beds • 2 baths • 1567 sqft

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This property looks like a bad Long-Term investment with a projected -7.47% first-year return on $66,465 initial cash invested.

-7.47%

Cash On Cash

4.84%

Cap Rate

0.81

DSCR

$2,233

Rent

-$414

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,233 income − $2,647 expenses = $414 out of pocket

Income$2,233Out of Pocket$414Mortgage P&I$1,57971%Property Taxes$37917%Insurance$1085%Management$22310%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

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Purchase Price

$317k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,465

Downpayment

20%

$63,300

Closing costs

1%

$3,165

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,233

Total Expenses

$2,647

Mortgage P&I

71%

$1,579

Property Taxes

17%

$379

Home Insurance

5%

$108

HOA

0%

$0

Property Management

10%

$223

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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