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$5,163 (target)

10500 S Monaco Way, Traverse City, MI 49684

3 beds • 4 baths • 4760 sqft

$1,050,800

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This property looks like a bad Mid-Term investment with a projected -15.84% first-year return on $239k initial cash invested.

-15.84%

Cash On Cash

2.93%

Cap Rate

0.47

DSCR

$5,163

Rent

-$3,151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,163 income − $8,314 expenses = $3,151 out of pocket

Income$5,163Out of Pocket$3,151Mortgage P&I$5,506107%Property Taxes$57811%Insurance$3857%HOA$882%Management$62012%CapEx$2074%Vacancy$1553%Maintenance$2074%Other$56811%

Investment Breakdown

|

Purchase Price

$1051k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$239k

Downpayment

20%

$210k

Closing costs

1%

$10,508

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,163

Total Expenses

$8,314

Mortgage P&I

107%

$5,506

Property Taxes

11%

$578

Home Insurance

7%

$385

HOA

2%

$88

Property Management

12%

$620

CapEx

4%

$207

Vacancy

3%

$155

Maintenance

4%

$207

Other

11%

$568

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