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$1,934 (target)

3437 Cornell St, Dearborn, MI 48124

3 beds • 2 baths • 1951 sqft

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This property looks like a bad Long-Term investment with a projected -4.8% first-year return on $52,479 initial cash invested.

-4.8%

Cash On Cash

5.94%

Cap Rate

0.92

DSCR

$1,934

Rent

-$210

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,934 income − $2,144 expenses = $210 out of pocket

Income$1,934Out of Pocket$210Mortgage P&I$1,35170%Property Taxes$20210%Insurance$885%Management$19310%CapEx$975%Vacancy$1166%Maintenance$975%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,479

Downpayment

20%

$49,980

Closing costs

1%

$2,499

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,934

Total Expenses

$2,144

Mortgage P&I

70%

$1,351

Property Taxes

10%

$202

Home Insurance

5%

$88

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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