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38487 River Park Dr, Sterling Heights, MI 48313

3 beds • 3 baths • 3009 sqft

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This property looks like a bad Long-Term investment with a projected -10.27% first-year return on $96,789 initial cash invested.

-10.27%

Cash On Cash

4.05%

Cap Rate

0.69

DSCR

$2,833

Rent

-$828

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$461k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,789

Downpayment

20%

$92,180

Closing costs

1%

$4,609

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,833

Total Expenses

$3,661

Mortgage P&I

79%

$2,241

Property Taxes

18%

$509

Home Insurance

6%

$164

HOA

0%

$10

Property Management

10%

$283

CapEx

5%

$142

Vacancy

6%

$170

Maintenance

5%

$142

Other

0%

$0

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