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$1,883 (target)

23010 Purdue Ave, Farmington Hills, MI 48336

3 beds • 3 baths • 1528 sqft

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This property looks like a bad Long-Term investment with a projected -12.81% first-year return on $41,580 initial cash invested.

-12.81%

Cash On Cash

4.67%

Cap Rate

0.69

DSCR

$1,883

Rent

-$444

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,883 income − $2,327 expenses = $444 out of pocket

Income$1,883Out of Pocket$444Mortgage P&I$1,12160%Property Taxes$64834%Insurance$694%Management$18810%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

|

Purchase Price

$198k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,580

Downpayment

20%

$39,600

Closing costs

1%

$1,980

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,883

Total Expenses

$2,327

Mortgage P&I

60%

$1,121

Property Taxes

34%

$648

Home Insurance

4%

$69

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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