REI Lense

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$2,611 (target)

106 Oak St, Charlevoix, MI 49720

3 beds • 2 baths • 2564 sqft

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This property looks like a bad Long-Term investment with a projected -15.22% first-year return on $121k initial cash invested.

-15.22%

Cash On Cash

3.08%

Cap Rate

0.51

DSCR

$2,611

Rent

-$1,537

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,611 income − $4,148 expenses = $1,537 out of pocket

Income$2,611Out of Pocket$1,537Mortgage P&I$2,886111%Property Taxes$37414%Insurance$2088%Management$26110%CapEx$1315%Vacancy$1576%Maintenance$1315%

Investment Breakdown

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Purchase Price

$577k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$115k

Closing costs

1%

$5,770

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,611

Total Expenses

$4,148

Mortgage P&I

111%

$2,886

Property Taxes

14%

$374

Home Insurance

8%

$208

HOA

0%

$0

Property Management

10%

$261

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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