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$4,234 (target)

11400 Peninsula Dr, Traverse City, MI 49686

3 beds • 2 baths • 1770 sqft

$1,325,000

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This property looks like a bad Mid-Term investment with a projected -21.31% first-year return on $296k initial cash invested.

-21.31%

Cash On Cash

1.54%

Cap Rate

0.25

DSCR

$4,234

Rent

-$5,260

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,234 income − $9,494 expenses = $5,260 out of pocket

Income$4,234Out of Pocket$5,260Mortgage P&I$6,787160%Property Taxes$80419%Insurance$46411%Management$50812%CapEx$1694%Vacancy$1273%Maintenance$1694%Other$46611%

Investment Breakdown

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Purchase Price

$1325k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$296k

Downpayment

20%

$265k

Closing costs

1%

$13,250

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,234

Total Expenses

$9,494

Mortgage P&I

160%

$6,787

Property Taxes

19%

$804

Home Insurance

11%

$464

HOA

0%

$0

Property Management

12%

$508

CapEx

4%

$169

Vacancy

3%

$127

Maintenance

4%

$169

Other

11%

$466

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