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57078 Meadowridge Dr, Washington, MI 48094

3 beds • 3 baths • 2587 sqft

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This property looks like a bad Long-Term investment with a projected -15.78% first-year return on $199k initial cash invested.

-15.78%

Cash On Cash

2.77%

Cap Rate

0.47

DSCR

$3,684

Rent

-$2,616

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$947k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$199k

Downpayment

20%

$189k

Closing costs

1%

$9,471

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,684

Total Expenses

$6,300

Mortgage P&I

125%

$4,620

Property Taxes

1%

$42

Home Insurance

9%

$341

HOA

9%

$340

Property Management

10%

$368

CapEx

5%

$184

Vacancy

6%

$221

Maintenance

5%

$184

Other

0%

$0

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