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$1,882 (target)

6254 Indian Lake Dr, Gladwin, MI 48624

3 beds • 2 baths • 2100 sqft

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This property looks like a bad Mid-Term investment with a projected -0.1% first-year return on $59,580 initial cash invested.

-0.1%

Cash On Cash

6.88%

Cap Rate

1.07

DSCR

$1,882

Rent

-$5

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,882 income − $1,887 expenses = $5 out of pocket

Income$1,882Out of Pocket$5Mortgage P&I$1,06657%Property Taxes$1136%Insurance$694%Management$22612%CapEx$754%Vacancy$563%Maintenance$754%Other$20711%

Investment Breakdown

|

Purchase Price

$198k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,580

Downpayment

20%

$39,600

Closing costs

1%

$1,980

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$1,882

Total Expenses

$1,887

Mortgage P&I

57%

$1,066

Property Taxes

6%

$113

Home Insurance

4%

$69

HOA

0%

$0

Property Management

12%

$226

CapEx

4%

$75

Vacancy

3%

$56

Maintenance

4%

$75

Other

11%

$207

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