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$2,630 (target)

350 S Michigan Rd, Eaton Rapids, MI 48827

3 beds • 4 baths • 2510 sqft

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This property looks like a bad Long-Term investment with a projected -6.26% first-year return on $78,771 initial cash invested.

-6.26%

Cash On Cash

5.2%

Cap Rate

0.85

DSCR

$2,630

Rent

-$411

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,630 income − $3,041 expenses = $411 out of pocket

Income$2,630Out of Pocket$411Mortgage P&I$1,90372%Property Taxes$33213%Insurance$1215%Management$26310%CapEx$1325%Vacancy$1586%Maintenance$1325%

Investment Breakdown

|

Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,771

Downpayment

20%

$75,020

Closing costs

1%

$3,751

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,630

Total Expenses

$3,041

Mortgage P&I

72%

$1,903

Property Taxes

13%

$332

Home Insurance

5%

$121

HOA

0%

$0

Property Management

10%

$263

CapEx

5%

$132

Vacancy

6%

$158

Maintenance

5%

$132

Other

0%

$0

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