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2575 Reily Ct, Traverse City, MI 49685

3 beds • 2 baths • 1400 sqft

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This property might be a fair Mid-Term investment with a projected 3.6% first-year return on $96,666 initial cash invested.

3.6%

Cash On Cash

7.3%

Cap Rate

1.24

DSCR

$3,742

Rent

$290

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$375k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,666

Downpayment

20%

$74,920

Closing costs

1%

$3,746

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,742

Total Expenses

$3,452

Mortgage P&I

49%

$1,838

Property Taxes

6%

$206

Home Insurance

4%

$135

HOA

0%

$0

Property Management

12%

$449

CapEx

4%

$150

Vacancy

3%

$112

Maintenance

4%

$150

Other

11%

$412

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