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$4,592 (target)

58191 Eight Mile Rd, Northville, MI 48167

3 beds • 2 baths • 2865 sqft

$1,075,100

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This property looks like a bad Mid-Term investment with a projected -15.73% first-year return on $244k initial cash invested.

-15.73%

Cash On Cash

2.58%

Cap Rate

0.43

DSCR

$4,592

Rent

-$3,196

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,592 income − $7,788 expenses = $3,196 out of pocket

Income$4,592Out of Pocket$3,196Mortgage P&I$5,323116%Property Taxes$61313%Insurance$2906%Management$55112%CapEx$1844%Vacancy$1383%Maintenance$1844%Other$50511%

Investment Breakdown

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Purchase Price

$1075k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$244k

Downpayment

20%

$215k

Closing costs

1%

$10,751

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,592

Total Expenses

$7,788

Mortgage P&I

116%

$5,323

Property Taxes

13%

$613

Home Insurance

6%

$290

HOA

0%

$0

Property Management

12%

$551

CapEx

4%

$184

Vacancy

3%

$138

Maintenance

4%

$184

Other

11%

$505

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