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$2,949 (target)

40963 Flagstaff Dr, Sterling Heights, MI 48313

3 beds • 2 baths • 2216 sqft

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This property looks like a bad Mid-Term investment with a projected -1.4% first-year return on $82,911 initial cash invested.

-1.4%

Cash On Cash

6.07%

Cap Rate

1.01

DSCR

$2,949

Rent

-$97

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,949 income − $3,046 expenses = $97 out of pocket

Income$2,949Out of Pocket$97Mortgage P&I$1,54352%Property Taxes$39413%Insurance$1074%Management$35412%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32411%

Investment Breakdown

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Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,911

Downpayment

20%

$61,820

Closing costs

1%

$3,091

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,949

Total Expenses

$3,046

Mortgage P&I

52%

$1,543

Property Taxes

13%

$394

Home Insurance

4%

$107

HOA

0%

$0

Property Management

12%

$354

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$324

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