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$3,082 (target)

1332 Cherry Log Ct, Gaylord, MI 49735

3 beds • 3 baths • 3398 sqft

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This property looks like a bad Mid-Term investment with a projected -12.92% first-year return on $142k initial cash invested.

-12.92%

Cash On Cash

3.09%

Cap Rate

0.52

DSCR

$3,082

Rent

-$1,525

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,082 income − $4,607 expenses = $1,525 out of pocket

Income$3,082Out of Pocket$1,525Mortgage P&I$2,91795%Property Taxes$43714%Insurance$2067%Management$37012%CapEx$1234%Vacancy$923%Maintenance$1234%Other$33911%

Investment Breakdown

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Purchase Price

$589k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$118k

Closing costs

1%

$5,890

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,082

Total Expenses

$4,607

Mortgage P&I

95%

$2,917

Property Taxes

14%

$437

Home Insurance

7%

$206

HOA

0%

$0

Property Management

12%

$370

CapEx

4%

$123

Vacancy

3%

$92

Maintenance

4%

$123

Other

11%

$339

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