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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 Long-Term investment with a projected -16.08% first-year return on $104k initial cash invested.
-16.08%
Cash On Cash
3.03%
Cap Rate
0.5
DSCR
$2,894
Rent
-$1,389
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,894 income − $4,283 expenses = $1,389 out of pocket
Investment Breakdown
|
Purchase Price
$494k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$104k
Downpayment
20%
$98,700
Closing costs
1%
$4,935
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,894
Total Expenses
$4,283
Mortgage P&I
86%
$2,491
Property Taxes
22%
$643
Home Insurance
6%
$186
HOA
7%
$210
Property Management
10%
$289
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0