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$1,797 (target)

31759 Stricker Dr, Warren, MI 48088

3 beds • 2 baths • 1884 sqft

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This property looks like a bad Mid-Term investment with a projected -4.03% first-year return on $62,520 initial cash invested.

-4.03%

Cash On Cash

5.49%

Cap Rate

0.88

DSCR

$1,797

Rent

-$210

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,797 income − $2,007 expenses = $210 out of pocket

Income$1,797Out of Pocket$210Mortgage P&I$1,10862%Property Taxes$21312%Insurance$744%Management$21612%CapEx$724%Vacancy$543%Maintenance$724%Other$19811%

Investment Breakdown

|

Purchase Price

$212k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,520

Downpayment

20%

$42,400

Closing costs

1%

$2,120

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,797

Total Expenses

$2,007

Mortgage P&I

62%

$1,108

Property Taxes

12%

$213

Home Insurance

4%

$74

HOA

0%

$0

Property Management

12%

$216

CapEx

4%

$72

Vacancy

3%

$54

Maintenance

4%

$72

Other

11%

$198

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