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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 Long-Term investment with a projected -20.3% first-year return on $155k initial cash invested.

-20.3%

Cash On Cash

1.75%

Cap Rate

0.3

DSCR

$2,180

Rent

-$2,615

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

$155k

Downpayment

20%

$147k

Closing costs

1%

$7,362

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,180

Total Expenses

$4,795

Mortgage P&I

164%

$3,580

Property Taxes

17%

$377

Home Insurance

12%

$271

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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