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$3,590 (target)

1440 Maxwell Rd, Petoskey, MI 49770

3 beds • 2 baths • 1152 sqft

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This property might be a fair Mid-Term investment with a projected 3.11% first-year return on $91,920 initial cash invested.

3.11%

Cash On Cash

7.85%

Cap Rate

1.2

DSCR

$3,590

Rent

$238

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,590 income − $3,352 expenses = $238 cash flow

Income$3,590Mortgage P&I$1,92154%Property Taxes$1434%Insurance$662%Management$43112%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39511%Cash Flow$238

Investment Breakdown

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Purchase Price

$352k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,920

Downpayment

20%

$70,400

Closing costs

1%

$3,520

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,590

Total Expenses

$3,352

Mortgage P&I

54%

$1,921

Property Taxes

4%

$143

Home Insurance

2%

$66

HOA

0%

$0

Property Management

12%

$431

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$395

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