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$2,500 (target)

48343 Forbes Dr, Chesterfield, MI 48047

3 beds • 3 baths • 2247 sqft

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This property looks like a bad Long-Term investment with a projected -9.5% first-year return on $79,821 initial cash invested.

-9.5%

Cash On Cash

4.5%

Cap Rate

0.74

DSCR

$2,500

Rent

-$632

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,500 income − $3,132 expenses = $632 out of pocket

Income$2,500Out of Pocket$632Mortgage P&I$1,93377%Property Taxes$41417%Insurance$1355%Management$25010%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

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Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,821

Downpayment

20%

$76,020

Closing costs

1%

$3,801

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,500

Total Expenses

$3,132

Mortgage P&I

77%

$1,933

Property Taxes

17%

$414

Home Insurance

5%

$135

HOA

0%

$0

Property Management

10%

$250

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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