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 Long-Term investment with a projected -18.41% first-year return on $119k initial cash invested.
-18.41%
Cash On Cash
2.76%
Cap Rate
0.43
DSCR
$2,249
Rent
-$1,820
Cashflow
Cash Flow
$2,249 income − $4,069 expenses = $1,820 out of pocket
Investment Breakdown
|
Purchase Price
$565k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$113k
Closing costs
1%
$5,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,249
Total Expenses
$4,069
Mortgage P&I
134%
$3,007
Property Taxes
12%
$275
Home Insurance
9%
$198
HOA
0%
$5
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0