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$3,002 (target)

213 Barcome Ave, Houghton Lake, MI 48629

3 beds • 2 baths • 1456 sqft

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This property could be a profitable Mid-Term investment with a projected 12.46% first-year return on $62,331 initial cash invested.

12.46%

Cash On Cash

10.86%

Cap Rate

1.67

DSCR

$3,002

Rent

$647

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,002 income − $2,355 expenses = $647 cash flow

Income$3,002Mortgage P&I$1,14338%Property Taxes$1314%Insurance$612%Management$36012%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33011%Cash Flow$647

Investment Breakdown

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Purchase Price

$211k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$62,331

Downpayment

20%

$42,220

Closing costs

1%

$2,111

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$3,002

Total Expenses

$2,355

Mortgage P&I

38%

$1,143

Property Taxes

4%

$131

Home Insurance

2%

$61

HOA

0%

$0

Property Management

12%

$360

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$330

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