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7039 Lapham Blvd, Waterford, MI 48329

3 beds • 2 baths • 2790 sqft

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This property looks like a bad Long-Term investment with a projected -5.74% first-year return on $50,169 initial cash invested.

-5.74%

Cash On Cash

5.51%

Cap Rate

0.87

DSCR

$1,622

Rent

-$240

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$239k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,169

Downpayment

20%

$47,780

Closing costs

1%

$2,389

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,622

Total Expenses

$1,862

Mortgage P&I

77%

$1,256

Property Taxes

6%

$103

Home Insurance

5%

$82

HOA

0%

$0

Property Management

10%

$162

CapEx

5%

$81

Vacancy

6%

$97

Maintenance

5%

$81

Other

0%

$0

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