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5116 W Bloomfield Lake Rd, West Bloomfield, MI 48323
3 beds • 5 baths • 6750 sqft
$3,500,000
View on ZillowThis property looks like a bad Long-Term investment with a projected -26.52% first-year return on $735k initial cash invested.
-26.52%
Cash On Cash
0.62%
Cap Rate
0.1
DSCR
$5,819
Rent
-$16,242
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,819 income − $22,061 expenses = $16,242 out of pocket
Investment Breakdown
|
Purchase Price
$3500k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$735k
Downpayment
20%
$700k
Closing costs
1%
$35,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,819
Total Expenses
$22,061
Mortgage P&I
305%
$17,772
Property Taxes
26%
$1,513
Home Insurance
21%
$1,225
HOA
1%
$38
Property Management
10%
$582
CapEx
5%
$291
Vacancy
6%
$349
Maintenance
5%
$291
Other
0%
$0