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$1,516 (target)

25129 Wagner Ave, Warren, MI 48089

3 beds • 3 baths • 1636 sqft

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This property looks like a bad Mid-Term investment with a projected -11.11% first-year return on $68,379 initial cash invested.

-11.11%

Cash On Cash

3.92%

Cap Rate

0.58

DSCR

$1,516

Rent

-$633

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,516 income − $2,149 expenses = $633 out of pocket

Income$1,516Out of Pocket$633Mortgage P&I$1,35589%Property Taxes$19413%Insurance$846%Management$18212%CapEx$614%Vacancy$453%Maintenance$614%Other$16711%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,516

Total Expenses

$2,149

Mortgage P&I

89%

$1,355

Property Taxes

13%

$194

Home Insurance

6%

$84

HOA

0%

$0

Property Management

12%

$182

CapEx

4%

$61

Vacancy

3%

$45

Maintenance

4%

$61

Other

11%

$167

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