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1819 Timber Lane Dr, Traverse City, MI 49686

3 beds • 3 baths • 3652 sqft

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This property looks like a bad Airbnb investment with a projected -25.1% first-year return on $194k initial cash invested.

-25.1%

Cash On Cash

0.5%

Cap Rate

0.08

DSCR

$1,982

Rent

-$4,048

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,982 income − $6,030 expenses = $4,048 out of pocket

Income$1,982Out of Pocket$4,048Mortgage P&I$4,318218%Property Taxes$45523%Insurance$30615%Management$29715%CapEx$794%Maintenance$794%Other$49625%

Investment Breakdown

|

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

$1,982

Total Expenses

$6,030

Mortgage P&I

218%

$4,318

Property Taxes

23%

$455

Home Insurance

15%

$306

HOA

0%

$0

Property Management

15%

$297

CapEx

4%

$79

Vacancy

0%

$0

Maintenance

4%

$79

Other

25%

$496

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