REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,120 (target)

123 E 16th St, Traverse City, MI 49684

3 beds • 2 baths • 1502 sqft

Email

This property looks like a bad Mid-Term investment with a projected -13.97% first-year return on $120k initial cash invested.

-13.97%

Cash On Cash

2.79%

Cap Rate

0.47

DSCR

$3,120

Rent

-$1,396

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,120 income − $4,516 expenses = $1,396 out of pocket

Income$3,120Out of Pocket$1,396Mortgage P&I$2,40077%Property Taxes$87728%Insurance$1786%Management$37412%CapEx$1254%Vacancy$943%Maintenance$1254%Other$34311%

Investment Breakdown

|

Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,080

Closing costs

1%

$4,854

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,120

Total Expenses

$4,516

Mortgage P&I

77%

$2,400

Property Taxes

28%

$877

Home Insurance

6%

$178

HOA

0%

$0

Property Management

12%

$374

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$343

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis