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$2,922 (target)

23241 Oak St, Dearborn, MI 48128

3 beds • 2 baths • 2318 sqft

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This property looks like a bad Mid-Term investment with a projected -3.11% first-year return on $81,756 initial cash invested.

-3.11%

Cash On Cash

5.68%

Cap Rate

0.94

DSCR

$2,922

Rent

-$212

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,922 income − $3,134 expenses = $212 out of pocket

Income$2,922Out of Pocket$212Mortgage P&I$1,53252%Property Taxes$46816%Insurance$1405%Management$35112%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32111%

Investment Breakdown

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Purchase Price

$304k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,756

Downpayment

20%

$60,720

Closing costs

1%

$3,036

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,922

Total Expenses

$3,134

Mortgage P&I

52%

$1,532

Property Taxes

16%

$468

Home Insurance

5%

$140

HOA

0%

$0

Property Management

12%

$351

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$321

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