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 Mid-Term investment with a projected -21.16% first-year return on $261k initial cash invested.
-21.16%
Cash On Cash
1.79%
Cap Rate
0.28
DSCR
$3,640
Rent
-$4,603
Cashflow
Cash Flow
$3,640 income − $8,243 expenses = $4,603 out of pocket
Investment Breakdown
|
Purchase Price
$1157k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$261k
Downpayment
20%
$231k
Closing costs
1%
$11,574
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,640
Total Expenses
$8,243
Mortgage P&I
170%
$6,185
Property Taxes
11%
$394
Home Insurance
12%
$420
HOA
0%
$6
Property Management
12%
$437
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$400