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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 11.13% first-year return on $102k initial cash invested.
11.13%
Cash On Cash
9.5%
Cap Rate
1.6
DSCR
$6,145
Rent
$946
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,145 income − $5,199 expenses = $946 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
$6,145
Total Expenses
$5,199
Mortgage P&I
32%
$1,974
Property Taxes
2%
$135
Home Insurance
2%
$140
HOA
0%
$0
Property Management
15%
$922
CapEx
4%
$246
Vacancy
0%
$0
Maintenance
4%
$246
Other
25%
$1,536