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6450 N Lafayette St, Dearborn Heights, MI 48127

3 beds • 2 baths • 2396 sqft

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This property looks like a bad Mid-Term investment with a projected -8.37% first-year return on $104k initial cash invested.

-8.37%

Cash On Cash

3.95%

Cap Rate

0.68

DSCR

$2,552

Rent

-$726

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,980

Closing costs

1%

$4,099

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,552

Total Expenses

$3,278

Mortgage P&I

77%

$1,974

Property Taxes

11%

$292

Home Insurance

6%

$144

HOA

0%

$0

Property Management

12%

$306

CapEx

4%

$102

Vacancy

3%

$77

Maintenance

4%

$102

Other

11%

$281

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