REI Lense

REI Lense

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$2,591 (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 Long-Term investment with a projected -15.79% first-year return on $129k initial cash invested.

-15.79%

Cash On Cash

2.89%

Cap Rate

0.49

DSCR

$2,591

Rent

-$1,694

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,591 income − $4,285 expenses = $1,694 out of pocket

Income$2,591Out of Pocket$1,694Mortgage P&I$3,039117%Property Taxes$32413%Insurance$1988%HOA$502%Management$25910%CapEx$1305%Vacancy$1556%Maintenance$1305%

Investment Breakdown

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Purchase Price

$613k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$123k

Closing costs

1%

$6,130

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,591

Total Expenses

$4,285

Mortgage P&I

117%

$3,039

Property Taxes

13%

$324

Home Insurance

8%

$198

HOA

2%

$50

Property Management

10%

$259

CapEx

5%

$130

Vacancy

6%

$155

Maintenance

5%

$130

Other

0%

$0

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