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$3,978 (target)

4630 Blacktail Ave, Portage, MI 49002

3 beds • 3 baths • 2206 sqft

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This property looks like a bad Mid-Term investment with a projected -1.86% first-year return on $98,094 initial cash invested.

-1.86%

Cash On Cash

6.41%

Cap Rate

1

DSCR

$3,978

Rent

-$152

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,978 income − $4,130 expenses = $152 out of pocket

Income$3,978Out of Pocket$152Mortgage P&I$2,03051%Property Taxes$61015%Insurance$1383%Management$47712%CapEx$1594%Vacancy$1193%Maintenance$1594%Other$43811%

Investment Breakdown

|

Purchase Price

$381k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,094

Downpayment

20%

$76,280

Closing costs

1%

$3,814

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,978

Total Expenses

$4,130

Mortgage P&I

51%

$2,030

Property Taxes

15%

$610

Home Insurance

3%

$138

HOA

0%

$0

Property Management

12%

$477

CapEx

4%

$159

Vacancy

3%

$119

Maintenance

4%

$159

Other

11%

$438

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