Zip Code 48356 — Highland, MI
🔴WEAK— appreciation play onlyF
Poor
Negative cash flow likely · Score: 21/100
Cap Rate
2.6%
Monthly Cash Flow
-$1,186
Median Home Price
$375,485
DSCR
0.41
Fair Market Rents
- Studio
- $950/mo
- 1 Bedroom
- $1,050/mo
- 2 Bedroom
- $1,330/mo
- 3 Bedroom
- $1,640/mo
- 4 Bedroom
- $1,770/mo
Investment Metrics
- Cap Rate
- 2.6%
- Cash-on-Cash Return
- -16.5%
- Price-to-Rent Ratio
- 19.1
- 1% Rule
- 0.44%
- Gross Rent Multiplier
- 19.1
- Vacancy Rate
- 8.0%
Assumptions Used
20% down payment, 6.52% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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