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$3,886 (target)

3098 Crown Wood Ct, Traverse City, MI 49685

3 beds • 3 baths • 2073 sqft

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This property looks like a bad Mid-Term investment with a projected -8.55% first-year return on $147k initial cash invested.

-8.55%

Cash On Cash

4.21%

Cap Rate

0.71

DSCR

$3,886

Rent

-$1,045

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,886 income − $4,931 expenses = $1,045 out of pocket

Income$3,886Out of Pocket$1,045Mortgage P&I$3,03978%Property Taxes$3248%Insurance$1985%HOA$501%Management$46612%CapEx$1554%Vacancy$1173%Maintenance$1554%Other$42711%

Investment Breakdown

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Purchase Price

$613k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$147k

Downpayment

20%

$123k

Closing costs

1%

$6,130

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,886

Total Expenses

$4,931

Mortgage P&I

78%

$3,039

Property Taxes

8%

$324

Home Insurance

5%

$198

HOA

1%

$50

Property Management

12%

$466

CapEx

4%

$155

Vacancy

3%

$117

Maintenance

4%

$155

Other

11%

$427

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