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$2,766 (target)

920 W Gardenia Ave, Madison Heights, MI 48071

3 beds • 2 baths • 1416 sqft

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This property looks like a bad Mid-Term investment with a projected -3.94% first-year return on $87,426 initial cash invested.

-3.94%

Cash On Cash

5.59%

Cap Rate

0.9

DSCR

$2,766

Rent

-$287

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,766 income − $3,053 expenses = $287 out of pocket

Income$2,766Out of Pocket$287Mortgage P&I$1,71762%Property Taxes$27610%Insurance$1194%Management$33212%CapEx$1114%Vacancy$833%Maintenance$1114%Other$30411%

Investment Breakdown

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Purchase Price

$331k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,426

Downpayment

20%

$66,120

Closing costs

1%

$3,306

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,766

Total Expenses

$3,053

Mortgage P&I

62%

$1,717

Property Taxes

10%

$276

Home Insurance

4%

$119

HOA

0%

$0

Property Management

12%

$332

CapEx

4%

$111

Vacancy

3%

$83

Maintenance

4%

$111

Other

11%

$304

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