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11711 S West Bay Shore Dr, Traverse City, MI 49684
3 beds • 3 baths • 2314 sqft
$1,549,000
View on ZillowThis property looks like a bad Mid-Term investment with a projected -13.58% first-year return on $343k initial cash invested.
-13.58%
Cash On Cash
3.41%
Cap Rate
0.55
DSCR
$7,461
Rent
-$3,884
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,461 income − $11,345 expenses = $3,884 out of pocket
Investment Breakdown
|
Purchase Price
$1549k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$343k
Downpayment
20%
$310k
Closing costs
1%
$15,490
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$7,461
Total Expenses
$11,345
Mortgage P&I
107%
$7,984
Property Taxes
4%
$283
Home Insurance
7%
$542
HOA
0%
$0
Property Management
12%
$895
CapEx
4%
$298
Vacancy
3%
$224
Maintenance
4%
$298
Other
11%
$821