REI Lense

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$4,653 (target)

1819 Timber Lane Dr, Traverse City, MI 49686

3 beds • 3 baths • 3652 sqft

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This property looks like a bad Mid-Term investment with a projected -12.45% first-year return on $194k initial cash invested.

-12.45%

Cash On Cash

3.58%

Cap Rate

0.58

DSCR

$4,653

Rent

-$2,008

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,653 income − $6,661 expenses = $2,008 out of pocket

Income$4,653Out of Pocket$2,008Mortgage P&I$4,31893%Property Taxes$45510%Insurance$3067%Management$55812%CapEx$1864%Vacancy$1403%Maintenance$1864%Other$51211%

Investment Breakdown

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Purchase Price

$836k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$194k

Downpayment

20%

$167k

Closing costs

1%

$8,358

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,653

Total Expenses

$6,661

Mortgage P&I

93%

$4,318

Property Taxes

10%

$455

Home Insurance

7%

$306

HOA

0%

$0

Property Management

12%

$558

CapEx

4%

$186

Vacancy

3%

$140

Maintenance

4%

$186

Other

11%

$512

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