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21184 Norwood Dr, Harper Woods, MI 48225

3 beds • 2 baths • 2046 sqft

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This property looks like a bad Long-Term investment with a projected -17.81% first-year return on $44,730 initial cash invested.

-17.81%

Cash On Cash

2.99%

Cap Rate

0.48

DSCR

$1,604

Rent

-$664

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$213k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,730

Downpayment

20%

$42,600

Closing costs

1%

$2,130

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,604

Total Expenses

$2,268

Mortgage P&I

70%

$1,115

Property Taxes

41%

$662

Home Insurance

5%

$75

HOA

0%

$0

Property Management

10%

$160

CapEx

5%

$80

Vacancy

6%

$96

Maintenance

5%

$80

Other

0%

$0

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