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10009 E Lakeview Hills Rd, Traverse City, MI 49684
3 beds • 2 baths • 1196 sqft
$399,900
View on ZillowThis property could be a profitable Airbnb investment with a projected 12.86% first-year return on $102k initial cash invested.
12.86%
Cash On Cash
9.97%
Cap Rate
1.68
DSCR
$6,427
Rent
$1,093
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,427 income − $5,334 expenses = $1,093 cash flow
Investment Breakdown
|
Purchase Price
$400k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$102k
Downpayment
20%
$79,980
Closing costs
1%
$3,999
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$6,427
Total Expenses
$5,334
Mortgage P&I
31%
$1,974
Property Taxes
2%
$135
Home Insurance
2%
$140
HOA
0%
$0
Property Management
15%
$964
CapEx
4%
$257
Vacancy
0%
$0
Maintenance
4%
$257
Other
25%
$1,607