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$4,040 (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 Mid-Term investment with a projected -14.67% first-year return on $172k initial cash invested.

-14.67%

Cash On Cash

2.93%

Cap Rate

0.48

DSCR

$4,040

Rent

-$2,102

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,040 income − $6,142 expenses = $2,102 out of pocket

Income$4,040Out of Pocket$2,102Mortgage P&I$3,73192%Property Taxes$76619%Insurance$2717%Management$48512%CapEx$1624%Vacancy$1213%Maintenance$1624%Other$44411%

Investment Breakdown

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Purchase Price

$733k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$172k

Downpayment

20%

$147k

Closing costs

1%

$7,333

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,040

Total Expenses

$6,142

Mortgage P&I

92%

$3,731

Property Taxes

19%

$766

Home Insurance

7%

$271

HOA

0%

$0

Property Management

12%

$485

CapEx

4%

$162

Vacancy

3%

$121

Maintenance

4%

$162

Other

11%

$444

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