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$3,536 (target)

2388 Grouse Dr, Traverse City, MI 49685

3 beds • 2 baths • 1241 sqft

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This property might be a fair Mid-Term investment with a projected 2.77% first-year return on $90,954 initial cash invested.

2.77%

Cash On Cash

7.2%

Cap Rate

1.2

DSCR

$3,536

Rent

$210

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,536 income − $3,326 expenses = $210 cash flow

Income$3,536Mortgage P&I$1,73449%Property Taxes$2577%Insurance$1264%HOA$8Management$42412%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38911%Cash Flow$210

Investment Breakdown

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Purchase Price

$347k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,954

Downpayment

20%

$69,480

Closing costs

1%

$3,474

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,536

Total Expenses

$3,326

Mortgage P&I

49%

$1,734

Property Taxes

7%

$257

Home Insurance

4%

$126

HOA

0%

$8

Property Management

12%

$424

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$389

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