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This property looks like a bad Long-Term investment with a projected -7.81% first-year return on $56,679 initial cash invested.
-7.81%
Cash On Cash
4.67%
Cap Rate
0.79
DSCR
$1,880
Rent
-$369
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$270k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$56,679
Downpayment
20%
$53,980
Closing costs
1%
$2,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,880
Total Expenses
$2,249
Mortgage P&I
71%
$1,326
Property Taxes
18%
$340
Home Insurance
5%
$94
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
32030 Grandview Ave, Westland, MI 48186 | $2,000 | 3 | 2 | 1500 | 0.4 mi |
32380 Brown St, Garden City, MI 48135 | $1,950 | 3 | 2 | 1512 | 1.1 mi |
33715 Birchlawn, Westland, MI 48185 | $2,500 | 3 | 2 | 1865 | 1.7 mi |
28909 Hazelwood St, Inkster, MI 48141 | $1,500 | 3 | 1.5 | 1700 | 1.9 mi |
104 W Rancho Del Cerro | $2,500 | 4 | 2 | 2380 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 0.9 mi | |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality