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$5,384 (target)

2872 Manchester Rd, Birmingham, MI 48009

3 beds • 4 baths • 2826 sqft

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This property looks like a bad Mid-Term investment with a projected -10.28% first-year return on $193k initial cash invested.

-10.28%

Cash On Cash

3.87%

Cap Rate

0.65

DSCR

$5,384

Rent

-$1,649

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,384 income − $7,033 expenses = $1,649 out of pocket

Income$5,384Out of Pocket$1,649Mortgage P&I$4,11676%Property Taxes$78115%Insurance$3066%Management$64612%CapEx$2154%Vacancy$1623%Maintenance$2154%Other$59211%

Investment Breakdown

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Purchase Price

$831k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$193k

Downpayment

20%

$166k

Closing costs

1%

$8,313

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,384

Total Expenses

$7,033

Mortgage P&I

76%

$4,116

Property Taxes

15%

$781

Home Insurance

6%

$306

HOA

0%

$0

Property Management

12%

$646

CapEx

4%

$215

Vacancy

3%

$162

Maintenance

4%

$215

Other

11%

$592

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