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$3,658 (target)

5200 S Riverview Dr, Lake City, MI 49651

3 beds • 2 baths • 1672 sqft

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This property might be a fair Mid-Term investment with a projected 5.4% first-year return on $89,400 initial cash invested.

5.4%

Cash On Cash

7.96%

Cap Rate

1.32

DSCR

$3,658

Rent

$402

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,658 income − $3,256 expenses = $402 cash flow

Income$3,658Mortgage P&I$1,70847%Property Taxes$1865%Insurance$1193%Management$43912%CapEx$1464%Vacancy$1103%Maintenance$1464%Other$40211%Cash Flow$402

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,400

Downpayment

20%

$68,000

Closing costs

1%

$3,400

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,658

Total Expenses

$3,256

Mortgage P&I

47%

$1,708

Property Taxes

5%

$186

Home Insurance

3%

$119

HOA

0%

$0

Property Management

12%

$439

CapEx

4%

$146

Vacancy

3%

$110

Maintenance

4%

$146

Other

11%

$402

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