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$2,926 (target)

28610 Milton Ave, Warren, MI 48092

3 beds • 2 baths • 2731 sqft

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This property looks like a bad Mid-Term investment with a projected -7.4% first-year return on $77,661 initial cash invested.

-7.4%

Cash On Cash

5.18%

Cap Rate

0.77

DSCR

$2,926

Rent

-$479

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,926 income − $3,405 expenses = $479 out of pocket

Income$2,926Out of Pocket$479Mortgage P&I$1,58854%Property Taxes$72025%Insurance$1023%Management$35112%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%

Investment Breakdown

|

Purchase Price

$284k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,661

Downpayment

20%

$56,820

Closing costs

1%

$2,841

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,926

Total Expenses

$3,405

Mortgage P&I

54%

$1,588

Property Taxes

25%

$720

Home Insurance

3%

$102

HOA

0%

$0

Property Management

12%

$351

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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