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$3,916 (target)

106 Oak St, Charlevoix, MI 49720

3 beds • 2 baths • 2564 sqft

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This property looks like a bad Mid-Term investment with a projected -7.62% first-year return on $139k initial cash invested.

-7.62%

Cash On Cash

4.49%

Cap Rate

0.75

DSCR

$3,916

Rent

-$884

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,916 income − $4,800 expenses = $884 out of pocket

Income$3,916Out of Pocket$884Mortgage P&I$2,88674%Property Taxes$37410%Insurance$2085%Management$47012%CapEx$1574%Vacancy$1173%Maintenance$1574%Other$43111%

Investment Breakdown

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Purchase Price

$577k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$115k

Closing costs

1%

$5,770

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,916

Total Expenses

$4,800

Mortgage P&I

74%

$2,886

Property Taxes

10%

$374

Home Insurance

5%

$208

HOA

0%

$0

Property Management

12%

$470

CapEx

4%

$157

Vacancy

3%

$117

Maintenance

4%

$157

Other

11%

$431

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