13631 N Forest Beach Shores Rd, Northport, MI 49670
3 beds • 2 baths • 1642 sqft
$565,000
View on ZillowThis property looks like a bad Mid-Term investment with a projected -11.05% first-year return on $137k initial cash invested.
-11.05%
Cash On Cash
4%
Cap Rate
0.63
DSCR
$3,374
Rent
-$1,258
Cashflow
Cash Flow
$3,374 income − $4,632 expenses = $1,258 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$113k
Closing costs
1%
$5,650
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,374
Total Expenses
$4,632
Mortgage P&I
89%
$3,007
Property Taxes
8%
$275
Home Insurance
6%
$198
HOA
0%
$5
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371