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$3,734 (target)

23811 Ronita Dr, Macomb, MI 48042

3 beds • 4 baths • 4185 sqft

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This property looks like a bad Mid-Term investment with a projected -7.01% first-year return on $121k initial cash invested.

-7.01%

Cash On Cash

5.03%

Cap Rate

0.79

DSCR

$3,734

Rent

-$707

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,734 income − $4,441 expenses = $707 out of pocket

Income$3,734Out of Pocket$707Mortgage P&I$2,61270%Property Taxes$38510%Insurance$1755%Management$44812%CapEx$1494%Vacancy$1123%Maintenance$1494%Other$41111%

Investment Breakdown

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Purchase Price

$490k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$98,060

Closing costs

1%

$4,903

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,734

Total Expenses

$4,441

Mortgage P&I

70%

$2,612

Property Taxes

10%

$385

Home Insurance

5%

$175

HOA

0%

$0

Property Management

12%

$448

CapEx

4%

$149

Vacancy

3%

$112

Maintenance

4%

$149

Other

11%

$411

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