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$7,341 (target)

213 6th St, Traverse City, MI 49684

3 beds • 3 baths • 3300 sqft

$1,560,900

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This property looks like a bad Mid-Term investment with a projected -19.96% first-year return on $346k initial cash invested.

-19.96%

Cash On Cash

2.09%

Cap Rate

0.33

DSCR

$7,341

Rent

-$5,753

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,341 income − $13,094 expenses = $5,753 out of pocket

Income$7,341Out of Pocket$5,753Mortgage P&I$8,179111%Property Taxes$1,83225%Insurance$5868%Management$88112%CapEx$2944%Vacancy$2203%Maintenance$2944%Other$80811%

Investment Breakdown

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Purchase Price

$1561k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$346k

Downpayment

20%

$312k

Closing costs

1%

$15,609

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$7,341

Total Expenses

$13,094

Mortgage P&I

111%

$8,179

Property Taxes

25%

$1,832

Home Insurance

8%

$586

HOA

0%

$0

Property Management

12%

$881

CapEx

4%

$294

Vacancy

3%

$220

Maintenance

4%

$294

Other

11%

$808

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