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$4,053 (target)

6998 Meadowlake Rd, Bloomfield Hills, MI 48301

3 beds • 2 baths • 3707 sqft

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This property looks like a bad Mid-Term investment with a projected -9.57% first-year return on $140k initial cash invested.

-9.57%

Cash On Cash

3.97%

Cap Rate

0.67

DSCR

$4,053

Rent

-$1,117

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,053 income − $5,170 expenses = $1,117 out of pocket

Income$4,053Out of Pocket$1,117Mortgage P&I$2,87771%Property Taxes$68417%Insurance$2105%HOA$211%Management$48612%CapEx$1624%Vacancy$1223%Maintenance$1624%Other$44611%

Investment Breakdown

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Purchase Price

$581k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$116k

Closing costs

1%

$5,811

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,053

Total Expenses

$5,170

Mortgage P&I

71%

$2,877

Property Taxes

17%

$684

Home Insurance

5%

$210

HOA

1%

$21

Property Management

12%

$486

CapEx

4%

$162

Vacancy

3%

$122

Maintenance

4%

$162

Other

11%

$446

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