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$2,952 (target)

38545 Riverside Dr, Clinton Township, MI 48036

3 beds • 3 baths • 2840 sqft

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This property looks like a bad Mid-Term investment with a projected -4.99% first-year return on $95,679 initial cash invested.

-4.99%

Cash On Cash

5.32%

Cap Rate

0.85

DSCR

$2,952

Rent

-$398

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,952 income − $3,350 expenses = $398 out of pocket

Income$2,952Out of Pocket$398Mortgage P&I$1,92165%Property Taxes$29510%Insurance$1304%Management$35412%CapEx$1184%Vacancy$893%Maintenance$1184%Other$32511%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,679

Downpayment

20%

$73,980

Closing costs

1%

$3,699

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,952

Total Expenses

$3,350

Mortgage P&I

65%

$1,921

Property Taxes

10%

$295

Home Insurance

4%

$130

HOA

0%

$0

Property Management

12%

$354

CapEx

4%

$118

Vacancy

3%

$89

Maintenance

4%

$118

Other

11%

$325

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