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24806 Power Rd, Farmington Hills, MI 48336

3 beds • 3 baths • 3013 sqft

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This property looks like a bad Long-Term investment with a projected -12.2% first-year return on $92,379 initial cash invested.

-12.2%

Cash On Cash

3.61%

Cap Rate

0.62

DSCR

$2,357

Rent

-$939

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$440k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,379

Downpayment

20%

$87,980

Closing costs

1%

$4,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,357

Total Expenses

$3,296

Mortgage P&I

91%

$2,146

Property Taxes

16%

$375

Home Insurance

7%

$154

HOA

0%

$8

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$141

Maintenance

5%

$118

Other

0%

$0

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