REI Lense

REI Lense

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$2,694 (target)

10062 E Claremont Dr, Traverse City, MI 49684

3 beds • 2 baths • 1444 sqft

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This property looks like a bad Long-Term investment with a projected -7.28% first-year return on $93,450 initial cash invested.

-7.28%

Cash On Cash

4.96%

Cap Rate

0.81

DSCR

$2,694

Rent

-$567

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,694 income − $3,261 expenses = $567 out of pocket

Income$2,694Out of Pocket$567Mortgage P&I$2,27284%Property Taxes$1325%Insurance$1566%Management$26910%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

|

Purchase Price

$445k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,450

Downpayment

20%

$89,000

Closing costs

1%

$4,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,694

Total Expenses

$3,261

Mortgage P&I

84%

$2,272

Property Taxes

5%

$132

Home Insurance

6%

$156

HOA

0%

$0

Property Management

10%

$269

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

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