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6964 Nightingale St, Dearborn Heights, MI 48127

3 beds • 2 baths • 1850 sqft

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This property looks like a bad Long-Term investment with a projected -16.58% first-year return on $55,356 initial cash invested.

-16.58%

Cash On Cash

2.71%

Cap Rate

0.46

DSCR

$1,472

Rent

-$765

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$264k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,356

Downpayment

20%

$52,720

Closing costs

1%

$2,636

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,472

Total Expenses

$2,237

Mortgage P&I

87%

$1,286

Property Taxes

32%

$477

Home Insurance

6%

$91

HOA

0%

$0

Property Management

10%

$147

CapEx

5%

$74

Vacancy

6%

$88

Maintenance

5%

$74

Other

0%

$0

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