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1144 Magnolia Dr, Traverse City, MI 49696

3 beds • 2 baths • 1725 sqft

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This property looks like a bad Long-Term investment with a projected -7.25% first-year return on $114k initial cash invested.

-7.25%

Cash On Cash

4.69%

Cap Rate

0.8

DSCR

$2,985

Rent

-$691

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$545k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$109k

Closing costs

1%

$5,450

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,985

Total Expenses

$3,676

Mortgage P&I

90%

$2,673

Property Taxes

0%

$7

Home Insurance

6%

$191

HOA

1%

$30

Property Management

10%

$298

CapEx

5%

$149

Vacancy

6%

$179

Maintenance

5%

$149

Other

0%

$0

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