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$2,606 (target)

314 McDonald Dr, Houghton Lake, MI 48629

3 beds • 2 baths • 1456 sqft

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This property might be a fair Mid-Term investment with a projected 7.52% first-year return on $60,357 initial cash invested.

7.52%

Cash On Cash

8.99%

Cap Rate

1.47

DSCR

$2,606

Rent

$378

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,606 income − $2,228 expenses = $378 cash flow

Income$2,606Mortgage P&I$1,02939%Property Taxes$2128%Insurance$1014%Management$31312%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28711%Cash Flow$378

Investment Breakdown

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Purchase Price

$202k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,357

Downpayment

20%

$40,340

Closing costs

1%

$2,017

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,606

Total Expenses

$2,228

Mortgage P&I

39%

$1,029

Property Taxes

8%

$212

Home Insurance

4%

$101

HOA

0%

$0

Property Management

12%

$313

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$287

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