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1857 Cascade Trl, Traverse City, MI 49685

3 beds • 2 baths • 1580 sqft

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This property looks like a bad Airbnb investment with a projected -11.68% first-year return on $149k initial cash invested.

-11.68%

Cash On Cash

3.49%

Cap Rate

0.59

DSCR

$4,329

Rent

-$1,452

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,329 income − $5,781 expenses = $1,452 out of pocket

Income$4,329Out of Pocket$1,452Mortgage P&I$3,09471%Property Taxes$3919%Insurance$2195%Management$64915%CapEx$1734%Maintenance$1734%Other$1,08225%

Investment Breakdown

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Purchase Price

$625k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$125k

Closing costs

1%

$6,249

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,329

Total Expenses

$5,781

Mortgage P&I

71%

$3,094

Property Taxes

9%

$391

Home Insurance

5%

$219

HOA

0%

$0

Property Management

15%

$649

CapEx

4%

$173

Vacancy

0%

$0

Maintenance

4%

$173

Other

25%

$1,082

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