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1236 Anderson Rd, Traverse City, MI 49686

3 beds • 2 baths • 2074 sqft

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This property looks like a bad Airbnb investment with a projected -6.19% first-year return on $173k initial cash invested.

-6.19%

Cash On Cash

4.8%

Cap Rate

0.82

DSCR

$6,419

Rent

-$891

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$736k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$173k

Downpayment

20%

$147k

Closing costs

1%

$7,362

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,419

Total Expenses

$7,310

Mortgage P&I

56%

$3,580

Property Taxes

6%

$377

Home Insurance

4%

$271

HOA

0%

$0

Property Management

15%

$963

CapEx

4%

$257

Vacancy

0%

$0

Maintenance

4%

$257

Other

25%

$1,605

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