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27861 Green Willow St, Farmington Hills, MI 48331
3 beds • 2 baths • 2704 sqft
$350,900
View on ZillowThis property looks like a bad Long-Term investment with a projected -8.22% first-year return on $73,689 initial cash invested.
-8.22%
Cash On Cash
4.66%
Cap Rate
0.78
DSCR
$2,388
Rent
-$505
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,388 income − $2,893 expenses = $505 out of pocket
Investment Breakdown
|
Purchase Price
$351k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,689
Downpayment
20%
$70,180
Closing costs
1%
$3,509
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,388
Total Expenses
$2,893
Mortgage P&I
73%
$1,749
Property Taxes
15%
$368
Home Insurance
7%
$156
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0