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$5,840 (target)

45011 Byrne Dr, Northville, MI 48167

3 beds • 3 baths • 2914 sqft

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This property looks like a bad Mid-Term investment with a projected -2.97% first-year return on $140k initial cash invested.

-2.97%

Cash On Cash

5.87%

Cap Rate

0.96

DSCR

$5,840

Rent

-$346

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,840 income − $6,186 expenses = $346 out of pocket

Income$5,840Out of Pocket$346Mortgage P&I$2,94850%Property Taxes$1,04218%Insurance$2104%Management$70112%CapEx$2344%Vacancy$1753%Maintenance$2344%Other$64211%

Investment Breakdown

|

Purchase Price

$580k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$116k

Closing costs

1%

$5,797

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,840

Total Expenses

$6,186

Mortgage P&I

50%

$2,948

Property Taxes

18%

$1,042

Home Insurance

4%

$210

HOA

0%

$0

Property Management

12%

$701

CapEx

4%

$234

Vacancy

3%

$175

Maintenance

4%

$234

Other

11%

$642

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