2189 S Harbor Bay Dr, Lakeside Marblehead, OH 43440
3 beds • 5 baths • 1611 sqft
$459,800
View on ZillowThis property looks like a bad Mid-Term investment with a projected -8.35% first-year return on $115k initial cash invested.
-8.35%
Cash On Cash
5.03%
Cap Rate
0.75
DSCR
$3,657
Rent
-$797
Cashflow
Cash Flow
$3,657 income − $4,454 expenses = $797 out of pocket
Investment Breakdown
|
Purchase Price
$460k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$91,960
Closing costs
1%
$4,598
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$3,657
Total Expenses
$4,454
Mortgage P&I
70%
$2,578
Property Taxes
10%
$351
Home Insurance
5%
$192
HOA
2%
$90
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402