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2725 Cooley Lake Rd, Highland, MI 48356

3 beds • 2 baths • 2342 sqft

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This property looks like a bad Long-Term investment with a projected -14.18% first-year return on $123k initial cash invested.

-14.18%

Cash On Cash

3.08%

Cap Rate

0.53

DSCR

$2,542

Rent

-$1,453

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$586k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$117k

Closing costs

1%

$5,855

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,542

Total Expenses

$3,995

Mortgage P&I

111%

$2,830

Property Taxes

12%

$299

Home Insurance

8%

$205

HOA

0%

$0

Property Management

10%

$254

CapEx

5%

$127

Vacancy

6%

$153

Maintenance

5%

$127

Other

0%

$0

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