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$2,040 (target)

22603 Hill St, Warren, MI 48091

3 beds • 2 baths • 1839 sqft

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This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $65,250 initial cash invested.

-2.39%

Cash On Cash

6.28%

Cap Rate

0.96

DSCR

$2,040

Rent

-$130

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,040 income − $2,170 expenses = $130 out of pocket

Income$2,040Out of Pocket$130Mortgage P&I$1,22560%Property Taxes$1728%Insurance$794%Management$24512%CapEx$824%Vacancy$613%Maintenance$824%Other$22411%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,040

Total Expenses

$2,170

Mortgage P&I

60%

$1,225

Property Taxes

8%

$172

Home Insurance

4%

$79

HOA

0%

$0

Property Management

12%

$245

CapEx

4%

$82

Vacancy

3%

$61

Maintenance

4%

$82

Other

11%

$224

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