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$1,778 (target)

50965 Remar Farms Dr, Macomb, MI 48042

3 beds • 3 baths • 2080 sqft

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This property looks like a bad Mid-Term investment with a projected -18.42% first-year return on $152k initial cash invested.

-18.42%

Cash On Cash

1.78%

Cap Rate

0.29

DSCR

$1,778

Rent

-$2,339

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,778 income − $4,117 expenses = $2,339 out of pocket

Income$1,778Out of Pocket$2,339Mortgage P&I$3,216181%Property Taxes$312%Insurance$22413%HOA$422%Management$21312%CapEx$714%Vacancy$533%Maintenance$714%Other$19611%

Investment Breakdown

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Purchase Price

$640k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$152k

Downpayment

20%

$128k

Closing costs

1%

$6,399

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$1,778

Total Expenses

$4,117

Mortgage P&I

181%

$3,216

Property Taxes

2%

$31

Home Insurance

13%

$224

HOA

2%

$42

Property Management

12%

$213

CapEx

4%

$71

Vacancy

3%

$53

Maintenance

4%

$71

Other

11%

$196

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