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3212 Edgewood Park Dr, Commerce Township, MI 48382
3 beds • 4 baths • 3712 sqft
$874,900
View on ZillowThis property looks like a bad Long-Term investment with a projected -22.94% first-year return on $184k initial cash invested.
-22.94%
Cash On Cash
1.46%
Cap Rate
0.24
DSCR
$2,898
Rent
-$3,513
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,898 income − $6,411 expenses = $3,513 out of pocket
Investment Breakdown
|
Purchase Price
$875k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$175k
Closing costs
1%
$8,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,898
Total Expenses
$6,411
Mortgage P&I
153%
$4,436
Property Taxes
30%
$855
Home Insurance
11%
$306
HOA
2%
$60
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0