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$2,745 (target)

6903 Tim Buck Trl, Cheboygan, MI 49721

3 beds • 3 baths • 1253 sqft

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This property might be a fair Mid-Term investment with a projected 5.41% first-year return on $68,547 initial cash invested.

5.41%

Cash On Cash

8.55%

Cap Rate

1.32

DSCR

$2,745

Rent

$309

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,745 income − $2,436 expenses = $309 cash flow

Income$2,745Mortgage P&I$1,29647%Property Taxes$1204%Insurance$873%Management$32912%CapEx$1104%Vacancy$823%Maintenance$1104%Other$30211%Cash Flow$309

Investment Breakdown

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Purchase Price

$241k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,547

Downpayment

20%

$48,140

Closing costs

1%

$2,407

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,745

Total Expenses

$2,436

Mortgage P&I

47%

$1,296

Property Taxes

4%

$120

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$329

CapEx

4%

$110

Vacancy

3%

$82

Maintenance

4%

$110

Other

11%

$302

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