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$4,161 (target)

6024 Westshore Dr, Oscoda, MI 48750

3 beds • 3 baths • 2483 sqft

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This property looks like a bad Mid-Term investment with a projected -1.98% first-year return on $114k initial cash invested.

-1.98%

Cash On Cash

6.33%

Cap Rate

0.99

DSCR

$4,161

Rent

-$189

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,161 income − $4,350 expenses = $189 out of pocket

Income$4,161Out of Pocket$189Mortgage P&I$2,44359%Property Taxes$3278%Insurance$1664%Management$49912%CapEx$1664%Vacancy$1253%Maintenance$1664%Other$45811%

Investment Breakdown

|

Purchase Price

$459k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,820

Closing costs

1%

$4,591

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,161

Total Expenses

$4,350

Mortgage P&I

59%

$2,443

Property Taxes

8%

$327

Home Insurance

4%

$166

HOA

0%

$0

Property Management

12%

$499

CapEx

4%

$166

Vacancy

3%

$125

Maintenance

4%

$166

Other

11%

$458

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