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$3,411 (target)

3340 Tibbets Dr, Traverse City, MI 49696

3 beds • 3 baths • 1472 sqft

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This property looks like a bad Mid-Term investment with a projected -11.06% first-year return on $131k initial cash invested.

-11.06%

Cash On Cash

3.67%

Cap Rate

0.61

DSCR

$3,411

Rent

-$1,206

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,411 income − $4,617 expenses = $1,206 out of pocket

Income$3,411Out of Pocket$1,206Mortgage P&I$2,71680%Property Taxes$54716%Insurance$1966%Management$40912%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37511%

Investment Breakdown

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Purchase Price

$538k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$108k

Closing costs

1%

$5,376

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,411

Total Expenses

$4,617

Mortgage P&I

80%

$2,716

Property Taxes

16%

$547

Home Insurance

6%

$196

HOA

0%

$0

Property Management

12%

$409

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$375

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