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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 Mid-Term investment with a projected -5.05% first-year return on $62,730 initial cash invested.

-5.05%

Cash On Cash

5.34%

Cap Rate

0.85

DSCR

$2,406

Rent

-$264

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

$62,730

Downpayment

20%

$42,600

Closing costs

1%

$2,130

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,406

Total Expenses

$2,670

Mortgage P&I

46%

$1,115

Property Taxes

28%

$662

Home Insurance

3%

$75

HOA

0%

$0

Property Management

12%

$289

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$265

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