13700 N Forest Beach Shores Rd, Northport, MI 49670
3 beds • 3 baths • 1980 sqft
$1,157,400
View on ZillowThis property looks like a bad Long-Term investment with a projected -25.72% first-year return on $243k initial cash invested.
-25.72%
Cash On Cash
1.14%
Cap Rate
0.18
DSCR
$2,427
Rent
-$5,209
Cashflow
Cash Flow
$2,427 income − $7,636 expenses = $5,209 out of pocket
Investment Breakdown
|
Purchase Price
$1157k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$243k
Downpayment
20%
$231k
Closing costs
1%
$11,574
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,427
Total Expenses
$7,636
Mortgage P&I
255%
$6,185
Property Taxes
16%
$394
Home Insurance
17%
$420
HOA
0%
$6
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0