REI Lense

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$1,648 (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 Long-Term investment with a projected -24.17% first-year return on $131k initial cash invested.

-24.17%

Cash On Cash

1.28%

Cap Rate

0.21

DSCR

$1,648

Rent

-$2,644

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,648 income − $4,292 expenses = $2,644 out of pocket

Income$1,648Out of Pocket$2,644Mortgage P&I$3,229196%Property Taxes$41625%Insurance$21913%Management$16510%CapEx$825%Vacancy$996%Maintenance$825%

Investment Breakdown

|

Purchase Price

$625k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$125k

Closing costs

1%

$6,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,648

Total Expenses

$4,292

Mortgage P&I

196%

$3,229

Property Taxes

25%

$416

Home Insurance

13%

$219

HOA

0%

$0

Property Management

10%

$165

CapEx

5%

$82

Vacancy

6%

$99

Maintenance

5%

$82

Other

0%

$0

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