REI Lense

REI Lense

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Target property

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 -27.56% first-year return on $111k initial cash invested.

-27.56%

Cash On Cash

-0.78%

Cap Rate

-0.13

DSCR

$0

Rent

-$2,560

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$0 income − $2,560 expenses = $2,560 out of pocket

Income$0Out of Pocket$2,560Mortgage P&I$2,272Property Taxes$132Insurance$156

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

$0

Total Expenses

$2,560

Mortgage P&I

22720000%

$2,272

Property Taxes

1320000%

$132

Home Insurance

1560000%

$156

HOA

0%

$0

Property Management

0%

$0

CapEx

0%

$0

Vacancy

0%

$0

Maintenance

0%

$0

Other

0%

$0

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