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$2,094 (target)

19965 Appoline St, Detroit, MI 48235

3 beds • 3 baths • 2362 sqft

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This property looks like a bad Mid-Term investment with a projected -0.8% first-year return on $64,179 initial cash invested.

-0.8%

Cash On Cash

6.66%

Cap Rate

1.03

DSCR

$2,094

Rent

-$43

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,094 income − $2,137 expenses = $43 out of pocket

Income$2,094Out of Pocket$43Mortgage P&I$1,17956%Property Taxes$1698%Insurance$774%Management$25112%CapEx$844%Vacancy$633%Maintenance$844%Other$23011%

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,179

Downpayment

20%

$43,980

Closing costs

1%

$2,199

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,094

Total Expenses

$2,137

Mortgage P&I

56%

$1,179

Property Taxes

8%

$169

Home Insurance

4%

$77

HOA

0%

$0

Property Management

12%

$251

CapEx

4%

$84

Vacancy

3%

$63

Maintenance

4%

$84

Other

11%

$230

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