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$2,472 (target)

2229 S Loxley Rd, Houghton Lake, MI 48629

3 beds • 3 baths • 4000 sqft

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This property looks like a bad Mid-Term investment with a projected -17.95% first-year return on $149k initial cash invested.

-17.95%

Cash On Cash

2.1%

Cap Rate

0.34

DSCR

$2,472

Rent

-$2,233

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,472 income − $4,705 expenses = $2,233 out of pocket

Income$2,472Out of Pocket$2,233Mortgage P&I$3,229131%Property Taxes$41617%Insurance$2199%Management$29712%CapEx$994%Vacancy$743%Maintenance$994%Other$27211%

Investment Breakdown

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Purchase Price

$625k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$125k

Closing costs

1%

$6,250

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,472

Total Expenses

$4,705

Mortgage P&I

131%

$3,229

Property Taxes

17%

$416

Home Insurance

9%

$219

HOA

0%

$0

Property Management

12%

$297

CapEx

4%

$99

Vacancy

3%

$74

Maintenance

4%

$99

Other

11%

$272

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