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$2,301 (target)

7530 N Richards Rd, Lake City, MI 49651

3 beds • 2 baths • 1894 sqft

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This property looks like a bad Mid-Term investment with a projected -4.58% first-year return on $82,071 initial cash invested.

-4.58%

Cash On Cash

5.36%

Cap Rate

0.86

DSCR

$2,301

Rent

-$313

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,301 income − $2,614 expenses = $313 out of pocket

Income$2,301Out of Pocket$313Mortgage P&I$1,58569%Property Taxes$1376%Insurance$1105%Management$27612%CapEx$924%Vacancy$693%Maintenance$924%Other$25311%

Investment Breakdown

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Purchase Price

$305k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,071

Downpayment

20%

$61,020

Closing costs

1%

$3,051

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,301

Total Expenses

$2,614

Mortgage P&I

69%

$1,585

Property Taxes

6%

$137

Home Insurance

5%

$110

HOA

0%

$0

Property Management

12%

$276

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$253

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