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20905 Van Buren St, Southfield, MI 48033

3 beds • 2 baths • 2200 sqft

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This property looks like a bad Long-Term investment with a projected -2.39% first-year return on $58,779 initial cash invested.

-2.39%

Cash On Cash

5.83%

Cap Rate

0.99

DSCR

$2,186

Rent

-$117

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,779

Downpayment

20%

$55,980

Closing costs

1%

$2,799

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,186

Total Expenses

$2,303

Mortgage P&I

63%

$1,368

Property Taxes

12%

$269

Home Insurance

4%

$98

HOA

0%

$0

Property Management

10%

$219

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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