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39629 Edgemont Dr, Sterling Heights, MI 48310

3 beds • 2 baths • 2531 sqft

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This property looks like a bad Long-Term investment with a projected -10.12% first-year return on $74,592 initial cash invested.

-10.12%

Cash On Cash

4.18%

Cap Rate

0.71

DSCR

$2,304

Rent

-$629

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,592

Downpayment

20%

$71,040

Closing costs

1%

$3,552

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,304

Total Expenses

$2,933

Mortgage P&I

76%

$1,751

Property Taxes

20%

$458

Home Insurance

5%

$126

HOA

0%

$0

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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