REI Lense

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$2,406 (target)

307 Lawrence St, Petoskey, MI 49770

3 beds • 2 baths • 1248 sqft

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This property looks like a bad Long-Term investment with a projected -3.28% first-year return on $66,675 initial cash invested.

-3.28%

Cash On Cash

6.22%

Cap Rate

0.96

DSCR

$2,406

Rent

-$182

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,406 income − $2,588 expenses = $182 out of pocket

Income$2,406Out of Pocket$182Mortgage P&I$1,70971%Property Taxes$1747%Insurance$803%Management$24110%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$318k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,675

Downpayment

20%

$63,500

Closing costs

1%

$3,175

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,406

Total Expenses

$2,588

Mortgage P&I

71%

$1,709

Property Taxes

7%

$174

Home Insurance

3%

$80

HOA

0%

$0

Property Management

10%

$241

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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