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This property looks like a bad Long-Term investment with a projected -9% first-year return on $62,517 initial cash invested.
-9%
Cash On Cash
4.47%
Cap Rate
0.74
DSCR
$1,750
Rent
-$469
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$298k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$62,517
Downpayment
20%
$59,540
Closing costs
1%
$2,977
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,750
Total Expenses
$2,219
Mortgage P&I
85%
$1,491
Property Taxes
10%
$168
Home Insurance
6%
$104
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
388 Chalmers St, Detroit, MI 48215 | $1,450 | 4 | 2 | 2364 | 0.3 mi |
1011 Cadieux Rd, Grosse Pointe, MI 48230 | $3,000 | 4 | 2.5 | 2400 | 2 mi |
3046 E Marlborough St SE, Detroit, MI 48215 | $2,350 | 4 | 2.5 | 2532 | 1.8 mi |
816 Algonquin St, Detroit, MI 48215 | $1,350 | 4 | 2 | 1589 | 1 mi |
104 W Rancho Del Cerro | $2,500 | 4 | 2 | 2380 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 0.9 mi | |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality