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$4,041 (target)

10062 E Claremont Dr, Traverse City, MI 49684

3 beds • 2 baths • 1444 sqft

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This property might be a fair Mid-Term investment with a projected 1.14% first-year return on $111k initial cash invested.

1.14%

Cash On Cash

6.85%

Cap Rate

1.12

DSCR

$4,041

Rent

$106

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,041 income − $3,935 expenses = $106 cash flow

Income$4,041Mortgage P&I$2,27256%Property Taxes$1323%Insurance$1564%Management$48512%CapEx$1624%Vacancy$1213%Maintenance$1624%Other$44511%Cash Flow$106

Investment Breakdown

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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

$4,041

Total Expenses

$3,935

Mortgage P&I

56%

$2,272

Property Taxes

3%

$132

Home Insurance

4%

$156

HOA

0%

$0

Property Management

12%

$485

CapEx

4%

$162

Vacancy

3%

$121

Maintenance

4%

$162

Other

11%

$445

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