REI Lense

REI Lense

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$2,587 (target)

18529 Mission Rd, Traverse City, MI 49686

3 beds • 2 baths • 1679 sqft

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This property looks like a bad Long-Term investment with a projected -13.27% first-year return on $110k initial cash invested.

-13.27%

Cash On Cash

3.87%

Cap Rate

0.61

DSCR

$2,587

Rent

-$1,217

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,587 income − $3,804 expenses = $1,217 out of pocket

Income$2,587Out of Pocket$1,217Mortgage P&I$2,777107%Property Taxes$1727%Insurance$1837%Management$25910%CapEx$1295%Vacancy$1556%Maintenance$1295%

Investment Breakdown

|

Purchase Price

$524k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$105k

Closing costs

1%

$5,240

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,587

Total Expenses

$3,804

Mortgage P&I

107%

$2,777

Property Taxes

7%

$172

Home Insurance

7%

$183

HOA

0%

$0

Property Management

10%

$259

CapEx

5%

$129

Vacancy

6%

$155

Maintenance

5%

$129

Other

0%

$0

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