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3642 Orchard Lake Rd, West Bloomfield, MI 48324
3 beds • 4 baths • 2590 sqft
$1,186,700
View on ZillowThis property looks like a bad Mid-Term investment with a projected -18.63% first-year return on $267k initial cash invested.
-18.63%
Cash On Cash
2.13%
Cap Rate
0.35
DSCR
$5,594
Rent
-$4,149
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,594 income − $9,743 expenses = $4,149 out of pocket
Investment Breakdown
|
Purchase Price
$1187k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$267k
Downpayment
20%
$237k
Closing costs
1%
$11,867
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,594
Total Expenses
$9,743
Mortgage P&I
108%
$6,032
Property Taxes
25%
$1,379
Home Insurance
8%
$430
HOA
0%
$0
Property Management
12%
$671
CapEx
4%
$224
Vacancy
3%
$168
Maintenance
4%
$224
Other
11%
$615