REI Lense

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$1,830 (target)

6903 Tim Buck Trl, Cheboygan, MI 49721

3 beds • 3 baths • 1253 sqft

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This property looks like a bad Long-Term investment with a projected -3.56% first-year return on $50,547 initial cash invested.

-3.56%

Cash On Cash

6.17%

Cap Rate

0.96

DSCR

$1,830

Rent

-$150

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,830 income − $1,980 expenses = $150 out of pocket

Income$1,830Out of Pocket$150Mortgage P&I$1,29671%Property Taxes$1207%Insurance$875%Management$18310%CapEx$925%Vacancy$1106%Maintenance$925%

Investment Breakdown

|

Purchase Price

$241k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,547

Downpayment

20%

$48,140

Closing costs

1%

$2,407

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,830

Total Expenses

$1,980

Mortgage P&I

71%

$1,296

Property Taxes

7%

$120

Home Insurance

5%

$87

HOA

0%

$0

Property Management

10%

$183

CapEx

5%

$92

Vacancy

6%

$110

Maintenance

5%

$92

Other

0%

$0

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