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418 Ormsby St, Adrian, MI 49221

3 beds • 2 baths • 1482 sqft

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This property looks like a bad Long-Term investment with a projected -11.08% first-year return on $36,918 initial cash invested.

-11.08%

Cash On Cash

4.41%

Cap Rate

0.7

DSCR

$1,198

Rent

-$341

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$176k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$36,918

Downpayment

20%

$35,160

Closing costs

1%

$1,758

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,198

Total Expenses

$1,539

Mortgage P&I

77%

$927

Property Taxes

20%

$237

Home Insurance

5%

$63

HOA

0%

$0

Property Management

10%

$120

CapEx

5%

$60

Vacancy

6%

$72

Maintenance

5%

$60

Other

0%

$0

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