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8618 Alwardt Dr, Sterling Heights, MI 48313

3 beds • 2 baths • 2307 sqft

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This property looks like a bad Mid-Term investment with a projected -0.79% first-year return on $81,861 initial cash invested.

-0.79%

Cash On Cash

6.13%

Cap Rate

1.04

DSCR

$2,890

Rent

-$54

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$304k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,861

Downpayment

20%

$60,820

Closing costs

1%

$3,041

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,890

Total Expenses

$2,944

Mortgage P&I

52%

$1,492

Property Taxes

13%

$363

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$347

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$318

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