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$3,735 (target)

2275 Dorchester Rd, Birmingham, MI 48009

3 beds • 2 baths • 1935 sqft

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This property looks like a bad Mid-Term investment with a projected -4.63% first-year return on $105k initial cash invested.

-4.63%

Cash On Cash

5.66%

Cap Rate

0.88

DSCR

$3,735

Rent

-$404

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,735 income − $4,139 expenses = $404 out of pocket

Income$3,735Out of Pocket$404Mortgage P&I$2,19959%Property Taxes$52214%Insurance$1494%Management$44812%CapEx$1494%Vacancy$1123%Maintenance$1494%Other$41111%

Investment Breakdown

|

Purchase Price

$413k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,500

Closing costs

1%

$4,125

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,735

Total Expenses

$4,139

Mortgage P&I

59%

$2,199

Property Taxes

14%

$522

Home Insurance

4%

$149

HOA

0%

$0

Property Management

12%

$448

CapEx

4%

$149

Vacancy

3%

$112

Maintenance

4%

$149

Other

11%

$411

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