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22411 Springbrook Ave, Farmington Hills, MI 48336
3 beds • 3 baths • 1441 sqft
$315,600
View on ZillowThis property might be a fair Mid-Term investment with a projected 0.38% first-year return on $84,276 initial cash invested.
0.38%
Cash On Cash
6.54%
Cap Rate
1.1
DSCR
$3,224
Rent
$27
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,224 income − $3,197 expenses = $27 cash flow
Investment Breakdown
|
Purchase Price
$316k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,276
Downpayment
20%
$63,120
Closing costs
1%
$3,156
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,224
Total Expenses
$3,197
Mortgage P&I
49%
$1,564
Property Taxes
13%
$431
Home Insurance
3%
$105
HOA
0%
$0
Property Management
12%
$387
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$355