REI Lense

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$2,476 (target)

2494 Holland Cir, Traverse City, MI 49685

3 beds • 3 baths • 1631 sqft

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This property looks like a bad Long-Term investment with a projected -6% first-year return on $80,556 initial cash invested.

-6%

Cash On Cash

5.06%

Cap Rate

0.85

DSCR

$2,476

Rent

-$403

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,476 income − $2,879 expenses = $403 out of pocket

Income$2,476Out of Pocket$403Mortgage P&I$1,89777%Property Taxes$1978%Insurance$1406%Management$24810%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

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Purchase Price

$384k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,556

Downpayment

20%

$76,720

Closing costs

1%

$3,836

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,476

Total Expenses

$2,879

Mortgage P&I

77%

$1,897

Property Taxes

8%

$197

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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