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25275 Ormond Dr, Southfield, MI 48033

3 beds • 2 baths • 1505 sqft

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This property looks like a bad Mid-Term investment with a projected -3.33% first-year return on $86,250 initial cash invested.

-3.33%

Cash On Cash

5.41%

Cap Rate

0.92

DSCR

$2,718

Rent

-$239

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,718

Total Expenses

$2,957

Mortgage P&I

59%

$1,594

Property Taxes

12%

$324

Home Insurance

4%

$114

HOA

0%

$0

Property Management

12%

$326

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$299

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