REI Lense

REI Lense

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$2,693 (target)

202 E 9th St, Traverse City, MI 49684

3 beds • 2 baths • 1750 sqft

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This property looks like a bad Long-Term investment with a projected -21.63% first-year return on $154k initial cash invested.

-21.63%

Cash On Cash

1.78%

Cap Rate

0.29

DSCR

$2,693

Rent

-$2,776

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,693 income − $5,469 expenses = $2,776 out of pocket

Income$2,693Out of Pocket$2,776Mortgage P&I$3,731139%Property Taxes$76628%Insurance$27110%Management$26910%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

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Purchase Price

$733k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$154k

Downpayment

20%

$147k

Closing costs

1%

$7,333

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,693

Total Expenses

$5,469

Mortgage P&I

139%

$3,731

Property Taxes

28%

$766

Home Insurance

10%

$271

HOA

0%

$0

Property Management

10%

$269

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

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