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$3,714 (target)

2494 Holland Cir, Traverse City, MI 49685

3 beds • 3 baths • 1631 sqft

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This property might be a fair Mid-Term investment with a projected 2.63% first-year return on $98,556 initial cash invested.

2.63%

Cash On Cash

7.08%

Cap Rate

1.19

DSCR

$3,714

Rent

$216

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,714 income − $3,498 expenses = $216 cash flow

Income$3,714Mortgage P&I$1,89751%Property Taxes$1975%Insurance$1404%Management$44612%CapEx$1494%Vacancy$1113%Maintenance$1494%Other$40911%Cash Flow$216

Investment Breakdown

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Purchase Price

$384k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,556

Downpayment

20%

$76,720

Closing costs

1%

$3,836

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,714

Total Expenses

$3,498

Mortgage P&I

51%

$1,897

Property Taxes

5%

$197

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$446

CapEx

4%

$149

Vacancy

3%

$111

Maintenance

4%

$149

Other

11%

$409

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