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$3,270 (target)

6705 Crane Rd, Ypsilanti, MI 48197

3 beds • 2 baths • 1977 sqft

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This property looks like a bad Mid-Term investment with a projected -6.8% first-year return on $104k initial cash invested.

-6.8%

Cash On Cash

5.05%

Cap Rate

0.79

DSCR

$3,270

Rent

-$590

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,270 income − $3,860 expenses = $590 out of pocket

Income$3,270Out of Pocket$590Mortgage P&I$2,18667%Property Taxes$41813%Insurance$1444%Management$39212%CapEx$1314%Vacancy$983%Maintenance$1314%Other$36011%

Investment Breakdown

|

Purchase Price

$410k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,000

Closing costs

1%

$4,100

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,270

Total Expenses

$3,860

Mortgage P&I

67%

$2,186

Property Taxes

13%

$418

Home Insurance

4%

$144

HOA

0%

$0

Property Management

12%

$392

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$360

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