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$1,822 (target)

434 W Erie Rd, Temperance, MI 48182

3 beds • 3 baths • 1934 sqft

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This property looks like a bad Long-Term investment with a projected -15.34% first-year return on $86,541 initial cash invested.

-15.34%

Cash On Cash

3.1%

Cap Rate

0.51

DSCR

$1,822

Rent

-$1,106

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,822 income − $2,928 expenses = $1,106 out of pocket

Income$1,822Out of Pocket$1,106Mortgage P&I$2,080114%Property Taxes$22612%Insurance$1498%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%

Investment Breakdown

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Purchase Price

$412k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,541

Downpayment

20%

$82,420

Closing costs

1%

$4,121

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,822

Total Expenses

$2,928

Mortgage P&I

114%

$2,080

Property Taxes

12%

$226

Home Insurance

8%

$149

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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