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$2,340 (target)

6021 Rustic Rd, Petoskey, MI 49770

3 beds • 2 baths • 1150 sqft

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This property could be a profitable Long-Term investment with a projected 53.51% first-year return on $23,100 initial cash invested.

53.51%

Cash On Cash

18.85%

Cap Rate

2.97

DSCR

$2,340

Rent

$1,030

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,340 income − $1,310 expenses = $1,030 cash flow

Income$2,340Mortgage P&I$58125%Property Taxes$834%Insurance$382%Management$23410%CapEx$1175%Vacancy$1406%Maintenance$1175%Cash Flow$1,030

Investment Breakdown

|

Purchase Price

$110k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$23,100

Downpayment

20%

$22,000

Closing costs

1%

$1,100

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,340

Total Expenses

$1,310

Mortgage P&I

25%

$581

Property Taxes

4%

$83

Home Insurance

2%

$38

HOA

0%

$0

Property Management

10%

$234

CapEx

5%

$117

Vacancy

6%

$140

Maintenance

5%

$117

Other

0%

$0

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