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$3,054 (target)

6880 W Emery Rd, Houghton Lake, MI 48629

3 beds • 2 baths • 1680 sqft

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This property could be a profitable Mid-Term investment with a projected 18.82% first-year return on $52,419 initial cash invested.

18.82%

Cash On Cash

13.42%

Cap Rate

2.06

DSCR

$3,054

Rent

$822

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,054 income − $2,232 expenses = $822 cash flow

Income$3,054Mortgage P&I$88929%Property Taxes$2428%Insurance$632%Management$36612%CapEx$1224%Vacancy$923%Maintenance$1224%Other$33611%Cash Flow$822

Investment Breakdown

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Purchase Price

$164k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,419

Downpayment

20%

$32,780

Closing costs

1%

$1,639

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$3,054

Total Expenses

$2,232

Mortgage P&I

29%

$889

Property Taxes

8%

$242

Home Insurance

2%

$63

HOA

0%

$0

Property Management

12%

$366

CapEx

4%

$122

Vacancy

3%

$92

Maintenance

4%

$122

Other

11%

$336

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