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$1,946 (target)

175 W M 61, Gladwin, MI 48624

3 beds • 2 baths • 1568 sqft

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This property looks like a bad Mid-Term investment with a projected -18.77% first-year return on $133k initial cash invested.

-18.77%

Cash On Cash

1.74%

Cap Rate

0.28

DSCR

$1,946

Rent

-$2,075

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,946 income − $4,021 expenses = $2,075 out of pocket

Income$1,946Out of Pocket$2,075Mortgage P&I$2,788143%Property Taxes$37019%Insurance$20110%Management$23412%CapEx$784%Vacancy$583%Maintenance$784%Other$21411%

Investment Breakdown

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Purchase Price

$546k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$109k

Closing costs

1%

$5,461

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$1,946

Total Expenses

$4,021

Mortgage P&I

143%

$2,788

Property Taxes

19%

$370

Home Insurance

10%

$201

HOA

0%

$0

Property Management

12%

$234

CapEx

4%

$78

Vacancy

3%

$58

Maintenance

4%

$78

Other

11%

$214

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