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$1,808 (target)

3769 Allegan Dam Rd, Allegan, MI 49010

3 beds • 2 baths • 1232 sqft

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This property might be a fair Long-Term investment with a projected 8.63% first-year return on $31,290 initial cash invested.

8.63%

Cash On Cash

9.15%

Cap Rate

1.38

DSCR

$1,808

Rent

$225

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,808 income − $1,583 expenses = $225 cash flow

Income$1,808Mortgage P&I$82145%Property Taxes$1719%Insurance$1227%Management$18110%CapEx$905%Vacancy$1086%Maintenance$905%Cash Flow$225

Investment Breakdown

|

Purchase Price

$149k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$31,290

Downpayment

20%

$29,800

Closing costs

1%

$1,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,808

Total Expenses

$1,583

Mortgage P&I

45%

$821

Property Taxes

9%

$171

Home Insurance

7%

$122

HOA

0%

$0

Property Management

10%

$181

CapEx

5%

$90

Vacancy

6%

$108

Maintenance

5%

$90

Other

0%

$0

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