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$5,096 (target)

6084 Mullett Burt Rd, Cheboygan, MI 49721

3 beds • 3 baths • 2616 sqft

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This property could be a profitable Mid-Term investment with a projected 24.58% first-year return on $79,047 initial cash invested.

24.58%

Cash On Cash

13.67%

Cap Rate

2.22

DSCR

$5,096

Rent

$1,619

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,096 income − $3,477 expenses = $1,619 cash flow

Income$5,096Mortgage P&I$1,48929%Property Taxes$1493%Insurance$1052%Management$61212%CapEx$2044%Vacancy$1533%Maintenance$2044%Other$56111%Cash Flow$1,619

Investment Breakdown

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Purchase Price

$291k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,047

Downpayment

20%

$58,140

Closing costs

1%

$2,907

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$5,096

Total Expenses

$3,477

Mortgage P&I

29%

$1,489

Property Taxes

3%

$149

Home Insurance

2%

$105

HOA

0%

$0

Property Management

12%

$612

CapEx

4%

$204

Vacancy

3%

$153

Maintenance

4%

$204

Other

11%

$561

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