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$3,750 (target)

48343 Forbes Dr, Chesterfield, MI 48047

3 beds • 3 baths • 2247 sqft

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This property looks like a bad Mid-Term investment with a projected -0.07% first-year return on $97,821 initial cash invested.

-0.07%

Cash On Cash

6.56%

Cap Rate

1.07

DSCR

$3,750

Rent

-$6

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,750 income − $3,756 expenses = $6 out of pocket

Income$3,750Out of Pocket$6Mortgage P&I$1,93352%Property Taxes$41411%Insurance$1354%Management$45012%CapEx$1504%Vacancy$1123%Maintenance$1504%Other$41211%

Investment Breakdown

|

Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,821

Downpayment

20%

$76,020

Closing costs

1%

$3,801

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,750

Total Expenses

$3,756

Mortgage P&I

52%

$1,933

Property Taxes

11%

$414

Home Insurance

4%

$135

HOA

0%

$0

Property Management

12%

$450

CapEx

4%

$150

Vacancy

3%

$112

Maintenance

4%

$150

Other

11%

$412

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