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$2,932 (target)

6577 N Lafayette St, Dearborn Heights, MI 48127

3 beds • 2 baths • 2106 sqft

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This property looks like a bad Mid-Term investment with a projected -0.31% first-year return on $72,747 initial cash invested.

-0.31%

Cash On Cash

6.38%

Cap Rate

1.08

DSCR

$2,932

Rent

-$19

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,932 income − $2,951 expenses = $19 out of pocket

Income$2,932Out of Pocket$19Mortgage P&I$1,28744%Property Taxes$56219%Insurance$1054%Management$35212%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32311%

Investment Breakdown

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Purchase Price

$261k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,747

Downpayment

20%

$52,140

Closing costs

1%

$2,607

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,932

Total Expenses

$2,951

Mortgage P&I

44%

$1,287

Property Taxes

19%

$562

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$352

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$323

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