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$1,941 (target)

6540 Cedar Lake Rd, Oscoda, MI 48750

3 beds • 2 baths • 1224 sqft

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This property might be a fair Mid-Term investment with a projected 3.58% first-year return on $53,028 initial cash invested.

3.58%

Cash On Cash

8.49%

Cap Rate

1.25

DSCR

$1,941

Rent

$158

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,941 income − $1,783 expenses = $158 cash flow

Income$1,941Mortgage P&I$94449%Property Taxes$1186%Insurance$603%Management$23312%CapEx$784%Vacancy$583%Maintenance$784%Other$21411%Cash Flow$158

Investment Breakdown

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Purchase Price

$167k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,028

Downpayment

20%

$33,360

Closing costs

1%

$1,668

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$1,941

Total Expenses

$1,783

Mortgage P&I

49%

$944

Property Taxes

6%

$118

Home Insurance

3%

$60

HOA

0%

$0

Property Management

12%

$233

CapEx

4%

$78

Vacancy

3%

$58

Maintenance

4%

$78

Other

11%

$214

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