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485 Cherry Grove Ln, Commerce Township, MI 48390

3 beds • 3 baths • 2014 sqft

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This property looks like a bad Mid-Term investment with a projected -3.9% first-year return on $109k initial cash invested.

-3.9%

Cash On Cash

5.27%

Cap Rate

0.9

DSCR

$3,520

Rent

-$354

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$433k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,600

Closing costs

1%

$4,330

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,520

Total Expenses

$3,874

Mortgage P&I

60%

$2,113

Property Taxes

9%

$334

Home Insurance

5%

$184

HOA

1%

$46

Property Management

12%

$422

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$387

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