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10062 E Claremont Dr, Traverse City, MI 49684

3 beds • 2 baths • 1444 sqft

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This property looks like a bad Airbnb investment with a projected -6.13% first-year return on $111k initial cash invested.

-6.13%

Cash On Cash

5%

Cap Rate

0.82

DSCR

$3,828

Rent

-$569

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,828 income − $4,397 expenses = $569 out of pocket

Income$3,828Out of Pocket$569Mortgage P&I$2,27259%Property Taxes$1323%Insurance$1564%Management$57415%CapEx$1534%Maintenance$1534%Other$95725%

Investment Breakdown

|

Purchase Price

$445k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$89,000

Closing costs

1%

$4,450

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,828

Total Expenses

$4,397

Mortgage P&I

59%

$2,272

Property Taxes

3%

$132

Home Insurance

4%

$156

HOA

0%

$0

Property Management

15%

$574

CapEx

4%

$153

Vacancy

0%

$0

Maintenance

4%

$153

Other

25%

$957

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