REI Lense

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$3,102 (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 Long-Term investment with a projected -19.03% first-year return on $176k initial cash invested.

-19.03%

Cash On Cash

2.43%

Cap Rate

0.39

DSCR

$3,102

Rent

-$2,783

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,102 income − $5,885 expenses = $2,783 out of pocket

Income$3,102Out of Pocket$2,783Mortgage P&I$4,318139%Property Taxes$45515%Insurance$30610%Management$31010%CapEx$1555%Vacancy$1866%Maintenance$1555%

Investment Breakdown

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Purchase Price

$836k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$176k

Downpayment

20%

$167k

Closing costs

1%

$8,358

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,102

Total Expenses

$5,885

Mortgage P&I

139%

$4,318

Property Taxes

15%

$455

Home Insurance

10%

$306

HOA

0%

$0

Property Management

10%

$310

CapEx

5%

$155

Vacancy

6%

$186

Maintenance

5%

$155

Other

0%

$0

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