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$2,518 (target)

4673 Morningside Dr, Bay City, MI 48706

3 beds • 3 baths • 2752 sqft

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This property looks like a bad Mid-Term investment with a projected -2.56% first-year return on $78,879 initial cash invested.

-2.56%

Cash On Cash

5.65%

Cap Rate

0.95

DSCR

$2,518

Rent

-$168

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,518 income − $2,686 expenses = $168 out of pocket

Income$2,518Out of Pocket$168Mortgage P&I$1,43157%Property Taxes$29612%Insurance$1024%Management$30212%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27711%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,879

Downpayment

20%

$57,980

Closing costs

1%

$2,899

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,518

Total Expenses

$2,686

Mortgage P&I

57%

$1,431

Property Taxes

12%

$296

Home Insurance

4%

$102

HOA

0%

$0

Property Management

12%

$302

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$277

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