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$4,872 (target)

12593 Fern Pl, Charlevoix, MI 49720

3 beds • 2 baths • 1753 sqft

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This property might be a fair Mid-Term investment with a projected 5.89% first-year return on $116k initial cash invested.

5.89%

Cash On Cash

7.9%

Cap Rate

1.33

DSCR

$4,872

Rent

$572

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,872 income − $4,300 expenses = $572 cash flow

Income$4,872Mortgage P&I$2,31948%Property Taxes$1603%Insurance$1643%Management$58512%CapEx$1954%Vacancy$1463%Maintenance$1954%Other$53611%Cash Flow$572

Investment Breakdown

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Purchase Price

$469k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,800

Closing costs

1%

$4,690

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,872

Total Expenses

$4,300

Mortgage P&I

48%

$2,319

Property Taxes

3%

$160

Home Insurance

3%

$164

HOA

0%

$0

Property Management

12%

$585

CapEx

4%

$195

Vacancy

3%

$146

Maintenance

4%

$195

Other

11%

$536

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