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1144 Magnolia Dr, Traverse City, MI 49696

3 beds • 2 baths • 1725 sqft

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This property might be a fair Mid-Term investment with a projected 0.5% first-year return on $132k initial cash invested.

0.5%

Cash On Cash

6.4%

Cap Rate

1.09

DSCR

$4,478

Rent

$55

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

$132k

Downpayment

20%

$109k

Closing costs

1%

$5,450

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,478

Total Expenses

$4,423

Mortgage P&I

60%

$2,673

Property Taxes

0%

$7

Home Insurance

4%

$191

HOA

1%

$30

Property Management

12%

$537

CapEx

4%

$179

Vacancy

3%

$134

Maintenance

4%

$179

Other

11%

$493

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