REI Lense

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$2,393 (target)

1440 Maxwell Rd, Petoskey, MI 49770

3 beds • 2 baths • 1152 sqft

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This property looks like a bad Long-Term investment with a projected -5.84% first-year return on $73,920 initial cash invested.

-5.84%

Cash On Cash

5.73%

Cap Rate

0.88

DSCR

$2,393

Rent

-$360

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,393 income − $2,753 expenses = $360 out of pocket

Income$2,393Out of Pocket$360Mortgage P&I$1,92180%Property Taxes$1436%Insurance$663%Management$23910%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$352k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,920

Downpayment

20%

$70,400

Closing costs

1%

$3,520

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,393

Total Expenses

$2,753

Mortgage P&I

80%

$1,921

Property Taxes

6%

$143

Home Insurance

3%

$66

HOA

0%

$0

Property Management

10%

$239

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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