REI Lense

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$2,357 (target)

2388 Grouse Dr, Traverse City, MI 49685

3 beds • 2 baths • 1241 sqft

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This property looks like a bad Long-Term investment with a projected -6.27% first-year return on $72,954 initial cash invested.

-6.27%

Cash On Cash

5.08%

Cap Rate

0.85

DSCR

$2,357

Rent

-$381

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,357 income − $2,738 expenses = $381 out of pocket

Income$2,357Out of Pocket$381Mortgage P&I$1,73474%Property Taxes$25711%Insurance$1265%HOA$8Management$23610%CapEx$1185%Vacancy$1416%Maintenance$1185%

Investment Breakdown

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Purchase Price

$347k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,954

Downpayment

20%

$69,480

Closing costs

1%

$3,474

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,357

Total Expenses

$2,738

Mortgage P&I

74%

$1,734

Property Taxes

11%

$257

Home Insurance

5%

$126

HOA

0%

$8

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$141

Maintenance

5%

$118

Other

0%

$0

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