REI Lense

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$2,080 (target)

123 E 16th St, Traverse City, MI 49684

3 beds • 2 baths • 1502 sqft

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This property looks like a bad Long-Term investment with a projected -22.56% first-year return on $102k initial cash invested.

-22.56%

Cash On Cash

1.45%

Cap Rate

0.24

DSCR

$2,080

Rent

-$1,916

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,080 income − $3,996 expenses = $1,916 out of pocket

Income$2,080Out of Pocket$1,916Mortgage P&I$2,400115%Property Taxes$87742%Insurance$1789%Management$20810%CapEx$1045%Vacancy$1256%Maintenance$1045%

Investment Breakdown

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Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$97,080

Closing costs

1%

$4,854

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,080

Total Expenses

$3,996

Mortgage P&I

115%

$2,400

Property Taxes

42%

$877

Home Insurance

9%

$178

HOA

0%

$0

Property Management

10%

$208

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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