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$2,826 (target)

6180 W Freeland Rd, Freeland, MI 48623

3 beds • 2 baths • 1780 sqft

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This property looks like a bad Mid-Term investment with a projected -2.54% first-year return on $89,631 initial cash invested.

-2.54%

Cash On Cash

5.66%

Cap Rate

0.95

DSCR

$2,826

Rent

-$190

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,826 income − $3,016 expenses = $190 out of pocket

Income$2,826Out of Pocket$190Mortgage P&I$1,68660%Property Taxes$2479%Insurance$1224%Management$33912%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31111%

Investment Breakdown

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Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,631

Downpayment

20%

$68,220

Closing costs

1%

$3,411

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,826

Total Expenses

$3,016

Mortgage P&I

60%

$1,686

Property Taxes

9%

$247

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$339

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$311

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