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$3,116 (target)

7212 Homestead Rd, Ypsilanti, MI 48197

3 beds • 3 baths • 1740 sqft

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This property looks like a bad Mid-Term investment with a projected -2.78% first-year return on $88,350 initial cash invested.

-2.78%

Cash On Cash

6.07%

Cap Rate

0.95

DSCR

$3,116

Rent

-$205

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,116 income − $3,321 expenses = $205 out of pocket

Income$3,116Out of Pocket$205Mortgage P&I$1,77557%Property Taxes$33611%Insurance$1174%HOA$331%Management$37412%CapEx$1254%Vacancy$933%Maintenance$1254%Other$34311%

Investment Breakdown

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Purchase Price

$335k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,350

Downpayment

20%

$67,000

Closing costs

1%

$3,350

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,116

Total Expenses

$3,321

Mortgage P&I

57%

$1,775

Property Taxes

11%

$336

Home Insurance

4%

$117

HOA

1%

$33

Property Management

12%

$374

CapEx

4%

$125

Vacancy

3%

$93

Maintenance

4%

$125

Other

11%

$343

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