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$2,823 (target)

2061 S Green Rd, Lake City, MI 49651

3 beds • 3 baths • 2516 sqft

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This property looks like a bad Mid-Term investment with a projected -4.19% first-year return on $95,679 initial cash invested.

-4.19%

Cash On Cash

5.52%

Cap Rate

0.88

DSCR

$2,823

Rent

-$334

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,823 income − $3,157 expenses = $334 out of pocket

Income$2,823Out of Pocket$334Mortgage P&I$1,92168%Property Taxes$1455%Insurance$1305%Management$33912%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31111%

Investment Breakdown

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Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,679

Downpayment

20%

$73,980

Closing costs

1%

$3,699

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,823

Total Expenses

$3,157

Mortgage P&I

68%

$1,921

Property Taxes

5%

$145

Home Insurance

5%

$130

HOA

0%

$0

Property Management

12%

$339

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$311

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