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7070 Riverstone Rd, West Bloomfield, MI 48322

3 beds • 2 baths • 2077 sqft

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This property looks like a bad Long-Term investment with a projected -12.54% first-year return on $84,714 initial cash invested.

-12.54%

Cash On Cash

3.64%

Cap Rate

0.62

DSCR

$2,485

Rent

-$885

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$403k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,714

Downpayment

20%

$80,680

Closing costs

1%

$4,034

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,485

Total Expenses

$3,370

Mortgage P&I

80%

$1,984

Property Taxes

24%

$584

Home Insurance

6%

$144

HOA

1%

$13

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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