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28335 Golf Pointe Blvd, Farmington Hills, MI 48331
3 beds • 4 baths • 2224 sqft
$493,500
View on ZillowThis property looks like a bad Mid-Term investment with a projected -6.57% first-year return on $122k initial cash invested.
-6.57%
Cash On Cash
4.86%
Cap Rate
0.8
DSCR
$4,341
Rent
-$666
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,341 income − $5,007 expenses = $666 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$122k
Downpayment
20%
$98,700
Closing costs
1%
$4,935
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,341
Total Expenses
$5,007
Mortgage P&I
57%
$2,491
Property Taxes
15%
$643
Home Insurance
4%
$186
HOA
5%
$210
Property Management
12%
$521
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$478