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40553 Pickett Ridge Rd, Sterling Heights, MI 48313
3 beds • 2 baths • 1200 sqft
$289,900
View on ZillowThis property looks like a bad Long-Term investment with a projected -7.86% first-year return on $60,879 initial cash invested.
-7.86%
Cash On Cash
5.46%
Cap Rate
0.82
DSCR
$2,084
Rent
-$399
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,084 income − $2,483 expenses = $399 out of pocket
Investment Breakdown
|
Purchase Price
$290k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,879
Downpayment
20%
$57,980
Closing costs
1%
$2,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,084
Total Expenses
$2,483
Mortgage P&I
77%
$1,614
Property Taxes
11%
$226
Home Insurance
5%
$102
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0