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$2,652 (target)

6839 Orchard Ave, Dearborn, MI 48126

3 beds • 2 baths • 2000 sqft

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This property looks like a bad Mid-Term investment with a projected -6.42% first-year return on $82,743 initial cash invested.

-6.42%

Cash On Cash

5.3%

Cap Rate

0.8

DSCR

$2,652

Rent

-$443

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,652 income − $3,095 expenses = $443 out of pocket

Income$2,652Out of Pocket$443Mortgage P&I$1,69964%Property Taxes$38214%Insurance$1124%Management$31812%CapEx$1064%Vacancy$803%Maintenance$1064%Other$29211%

Investment Breakdown

|

Purchase Price

$308k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,743

Downpayment

20%

$61,660

Closing costs

1%

$3,083

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,652

Total Expenses

$3,095

Mortgage P&I

64%

$1,699

Property Taxes

14%

$382

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$318

CapEx

4%

$106

Vacancy

3%

$80

Maintenance

4%

$106

Other

11%

$292

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