REI Lense

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$3,399 (target)

9651 S River Rd, Cheboygan, MI 49721

3 beds • 2 baths • 1843 sqft

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This property looks like a bad Mid-Term investment with a projected -0.73% first-year return on $102k initial cash invested.

-0.73%

Cash On Cash

6.3%

Cap Rate

1.04

DSCR

$3,399

Rent

-$62

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,399 income − $3,461 expenses = $62 out of pocket

Income$3,399Out of Pocket$62Mortgage P&I$2,02159%Property Taxes$1444%Insurance$1404%Management$40812%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37411%

Investment Breakdown

|

Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,399

Total Expenses

$3,461

Mortgage P&I

59%

$2,021

Property Taxes

4%

$144

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$408

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$374

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