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$3,067 (target)

54260 Nine Mile Rd, Northville, MI 48167

3 beds • 3 baths • 2500 sqft

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This property looks like a bad Long-Term investment with a projected -12.64% first-year return on $115k initial cash invested.

-12.64%

Cash On Cash

3.78%

Cap Rate

0.62

DSCR

$3,067

Rent

-$1,208

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,067 income − $4,275 expenses = $1,208 out of pocket

Income$3,067Out of Pocket$1,208Mortgage P&I$2,77691%Property Taxes$44815%Insurance$2548%Management$30710%CapEx$1535%Vacancy$1846%Maintenance$1535%

Investment Breakdown

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Purchase Price

$546k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$109k

Closing costs

1%

$5,459

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,067

Total Expenses

$4,275

Mortgage P&I

91%

$2,776

Property Taxes

15%

$448

Home Insurance

8%

$254

HOA

0%

$0

Property Management

10%

$307

CapEx

5%

$153

Vacancy

6%

$184

Maintenance

5%

$153

Other

0%

$0

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