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$2,823 (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 Long-Term investment with a projected -25.73% first-year return on $278k initial cash invested.

-25.73%

Cash On Cash

0.87%

Cap Rate

0.14

DSCR

$2,823

Rent

-$5,965

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,823 income − $8,788 expenses = $5,965 out of pocket

Income$2,823Out of Pocket$5,965Mortgage P&I$6,787240%Property Taxes$80428%Insurance$46416%Management$28210%CapEx$1415%Vacancy$1696%Maintenance$1415%

Investment Breakdown

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Purchase Price

$1325k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$278k

Downpayment

20%

$265k

Closing costs

1%

$13,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,823

Total Expenses

$8,788

Mortgage P&I

240%

$6,787

Property Taxes

28%

$804

Home Insurance

16%

$464

HOA

0%

$0

Property Management

10%

$282

CapEx

5%

$141

Vacancy

6%

$169

Maintenance

5%

$141

Other

0%

$0

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