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$2,964 (target)

14275 Shiawassee Dr, Grand Haven, MI 49417

3 beds • 2 baths • 2116 sqft

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This property looks like a bad Mid-Term investment with a projected -5.24% first-year return on $100k initial cash invested.

-5.24%

Cash On Cash

5.01%

Cap Rate

0.84

DSCR

$2,964

Rent

-$439

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,964 income − $3,403 expenses = $439 out of pocket

Income$2,964Out of Pocket$439Mortgage P&I$1,96066%Property Taxes$29010%Insurance$1445%Management$35612%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32611%

Investment Breakdown

|

Purchase Price

$393k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$78,560

Closing costs

1%

$3,928

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,964

Total Expenses

$3,403

Mortgage P&I

66%

$1,960

Property Taxes

10%

$290

Home Insurance

5%

$144

HOA

0%

$0

Property Management

12%

$356

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$326

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