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4550 Patrick Rd, West Bloomfield, MI 48322

3 beds • 2 baths • 1647 sqft

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This property looks like a bad Long-Term investment with a projected -4.04% first-year return on $71,631 initial cash invested.

-4.04%

Cash On Cash

5.45%

Cap Rate

0.93

DSCR

$2,507

Rent

-$241

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,631

Downpayment

20%

$68,220

Closing costs

1%

$3,411

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,507

Total Expenses

$2,748

Mortgage P&I

66%

$1,664

Property Taxes

12%

$303

Home Insurance

5%

$122

HOA

0%

$8

Property Management

10%

$251

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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