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$3,510 (target)

6021 Rustic Rd, Petoskey, MI 49770

3 beds • 2 baths • 1150 sqft

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This property could be a profitable Mid-Term investment with a projected 47.18% first-year return on $41,100 initial cash invested.

47.18%

Cash On Cash

25.49%

Cap Rate

4.02

DSCR

$3,510

Rent

$1,616

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,510 income − $1,894 expenses = $1,616 cash flow

Income$3,510Mortgage P&I$58117%Property Taxes$832%Insurance$381%Management$42112%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38611%Cash Flow$1,616

Investment Breakdown

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Purchase Price

$110k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,100

Downpayment

20%

$22,000

Closing costs

1%

$1,100

Rehab

0%

$0

Furnishing

16%

$18,000

Cashflow

Total Income

$3,510

Total Expenses

$1,894

Mortgage P&I

17%

$581

Property Taxes

2%

$83

Home Insurance

1%

$38

HOA

0%

$0

Property Management

12%

$421

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$386

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