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2921 N Michigan Ave, Joplin, MO 64801

3 beds • 2 baths • 1764 sqft

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This property looks like a bad Long-Term investment with a projected -5.44% first-year return on $57,750 initial cash invested.

-5.44%

Cash On Cash

5.11%

Cap Rate

0.87

DSCR

$1,752

Rent

-$262

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,752

Total Expenses

$2,014

Mortgage P&I

77%

$1,346

Property Taxes

7%

$116

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$175

CapEx

5%

$88

Vacancy

6%

$105

Maintenance

5%

$88

Other

0%

$0

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