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This property might be a fair Long-Term investment with a projected 0.67% first-year return on $44,835 initial cash invested.
0.67%
Cash On Cash
7.05%
Cap Rate
1.1
DSCR
$1,890
Rent
$25
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,890 income − $1,865 expenses = $25 cash flow
Investment Breakdown
|
Purchase Price
$214k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$44,835
Downpayment
20%
$42,700
Closing costs
1%
$2,135
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,890
Total Expenses
$1,865
Mortgage P&I
60%
$1,136
Property Taxes
9%
$164
Home Insurance
4%
$75
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
812 Riverbank St, Lincoln Park, MI 48146 | $1,695 | 3 | 2 | 1.4 mi | |
1072 Mill St, Lincoln Park, MI 48146 | $1,595 | 3 | 2 | 1.7 mi | |
1646 21st St, Wyandotte, MI 48192 | $1,900 | 3 | 2 | 1463 | 1.4 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