This property looks like a bad Long-Term investment with a projected -0.17% first-year return on $36,057 initial cash invested.
-0.17%
Cash On Cash
7.09%
Cap Rate
1.08
DSCR
$1,690
Rent
-$5
Cashflow
Cash Flow
$1,690 income − $1,695 expenses = $5 out of pocket
Investment Breakdown
|
Purchase Price
$172k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$36,057
Downpayment
20%
$34,340
Closing costs
1%
$1,717
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,690
Total Expenses
$1,695
Mortgage P&I
55%
$935
Property Taxes
16%
$262
Home Insurance
4%
$60
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
18590 Blakely Dr, Woodhaven, MI 48183 | $2,500 | 2 | 1.5 | 2228 | 1.6 mi |
14210 Telegraph Helen Rd, Unit 22, Flat Rock, MI 48134 | $975 | 2 | 1 | 3.5 mi | |
14210 Telegraph Walter Rd, Unit 9, Flat Rock, MI 48134 | $975 | 2 | 1 | 3.5 mi |
Projection Charts
Investment Value YoY