REI Lense

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$3,397 (target)

6084 Mullett Burt Rd, Cheboygan, MI 49721

3 beds • 3 baths • 2616 sqft

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This property could be a profitable Long-Term investment with a projected 15.14% first-year return on $61,047 initial cash invested.

15.14%

Cash On Cash

10.03%

Cap Rate

1.63

DSCR

$3,397

Rent

$770

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,397 income − $2,627 expenses = $770 cash flow

Income$3,397Mortgage P&I$1,48944%Property Taxes$1494%Insurance$1053%Management$34010%CapEx$1705%Vacancy$2046%Maintenance$1705%Cash Flow$770

Investment Breakdown

|

Purchase Price

$291k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,047

Downpayment

20%

$58,140

Closing costs

1%

$2,907

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,397

Total Expenses

$2,627

Mortgage P&I

44%

$1,489

Property Taxes

4%

$149

Home Insurance

3%

$105

HOA

0%

$0

Property Management

10%

$340

CapEx

5%

$170

Vacancy

6%

$204

Maintenance

5%

$170

Other

0%

$0

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