REI Lense

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$4,131 (target)

314 Barlow St, Traverse City, MI 49686

3 beds • 2 baths • 1380 sqft

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This property might be a fair Mid-Term investment with a projected 5.55% first-year return on $92,046 initial cash invested.

5.55%

Cash On Cash

7.96%

Cap Rate

1.34

DSCR

$4,131

Rent

$426

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,131 income − $3,705 expenses = $426 cash flow

Income$4,131Mortgage P&I$1,74842%Property Taxes$3178%Insurance$2366%Management$49612%CapEx$1654%Vacancy$1243%Maintenance$1654%Other$45411%Cash Flow$426

Investment Breakdown

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Purchase Price

$353k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,046

Downpayment

20%

$70,520

Closing costs

1%

$3,526

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,131

Total Expenses

$3,705

Mortgage P&I

42%

$1,748

Property Taxes

8%

$317

Home Insurance

6%

$236

HOA

0%

$0

Property Management

12%

$496

CapEx

4%

$165

Vacancy

3%

$124

Maintenance

4%

$165

Other

11%

$454

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