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$2,800 (target)

409 N Front St, Lake City, MI 49651

3 beds • 2 baths • 1666 sqft

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This property might be a fair Mid-Term investment with a projected 1.4% first-year return on $77,850 initial cash invested.

1.4%

Cash On Cash

7.09%

Cap Rate

1.14

DSCR

$2,800

Rent

$91

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,800 income − $2,709 expenses = $91 cash flow

Income$2,800Mortgage P&I$1,48053%Property Taxes$1776%Insurance$1004%Management$33612%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30811%Cash Flow$91

Investment Breakdown

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Purchase Price

$285k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,850

Downpayment

20%

$57,000

Closing costs

1%

$2,850

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,800

Total Expenses

$2,709

Mortgage P&I

53%

$1,480

Property Taxes

6%

$177

Home Insurance

4%

$100

HOA

0%

$0

Property Management

12%

$336

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$308

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