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$5,682 (target)

4176 Highway 66 #M, Charlevoix, MI 49720

3 beds • 2 baths • 2324 sqft

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This property might be a fair Mid-Term investment with a projected 0.68% first-year return on $144k initial cash invested.

0.68%

Cash On Cash

6.56%

Cap Rate

1.1

DSCR

$5,682

Rent

$81

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,682 income − $5,601 expenses = $81 cash flow

Income$5,682Mortgage P&I$2,96652%Property Taxes$4949%Insurance$2104%Management$68212%CapEx$2274%Vacancy$1703%Maintenance$2274%Other$62511%Cash Flow$81

Investment Breakdown

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Purchase Price

$599k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,990

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,682

Total Expenses

$5,601

Mortgage P&I

52%

$2,966

Property Taxes

9%

$494

Home Insurance

4%

$210

HOA

0%

$0

Property Management

12%

$682

CapEx

4%

$227

Vacancy

3%

$170

Maintenance

4%

$227

Other

11%

$625

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