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$2,712 (target)

3769 Allegan Dam Rd, Allegan, MI 49010

3 beds • 2 baths • 1232 sqft

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This property could be a profitable Mid-Term investment with a projected 16.51% first-year return on $49,290 initial cash invested.

16.51%

Cash On Cash

12.94%

Cap Rate

1.96

DSCR

$2,712

Rent

$678

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,712 income − $2,034 expenses = $678 cash flow

Income$2,712Mortgage P&I$82130%Property Taxes$1716%Insurance$1224%Management$32512%CapEx$1084%Vacancy$813%Maintenance$1084%Other$29811%Cash Flow$678

Investment Breakdown

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Purchase Price

$149k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,290

Downpayment

20%

$29,800

Closing costs

1%

$1,490

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$2,712

Total Expenses

$2,034

Mortgage P&I

30%

$821

Property Taxes

6%

$171

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$325

CapEx

4%

$108

Vacancy

3%

$81

Maintenance

4%

$108

Other

11%

$298

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