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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 Long-Term investment with a projected -16.05% first-year return on $86,079 initial cash invested.

-16.05%

Cash On Cash

2.66%

Cap Rate

0.46

DSCR

$1,701

Rent

-$1,151

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

$86,079

Downpayment

20%

$81,980

Closing costs

1%

$4,099

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,701

Total Expenses

$2,852

Mortgage P&I

116%

$1,974

Property Taxes

17%

$292

Home Insurance

8%

$144

HOA

0%

$0

Property Management

10%

$170

CapEx

5%

$85

Vacancy

6%

$102

Maintenance

5%

$85

Other

0%

$0

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