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$1,778 (target)

23116 Beechwood Ave, Eastpointe, MI 48021

3 beds • 2 baths • 2048 sqft

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This property looks like a bad Long-Term investment with a projected -3.21% first-year return on $41,811 initial cash invested.

-3.21%

Cash On Cash

6.16%

Cap Rate

0.98

DSCR

$1,778

Rent

-$112

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,778 income − $1,890 expenses = $112 out of pocket

Income$1,778Out of Pocket$112Mortgage P&I$1,04559%Property Taxes$31218%Insurance$704%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$199k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,811

Downpayment

20%

$39,820

Closing costs

1%

$1,991

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,778

Total Expenses

$1,890

Mortgage P&I

59%

$1,045

Property Taxes

18%

$312

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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