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3472 Lamar Dr, Traverse City, MI 49685

3 beds • 2 baths • 1592 sqft

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This property might be a fair Mid-Term investment with a projected 9.83% first-year return on $79,719 initial cash invested.

9.83%

Cash On Cash

9.13%

Cap Rate

1.56

DSCR

$3,734

Rent

$653

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$294k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,719

Downpayment

20%

$58,780

Closing costs

1%

$2,939

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,734

Total Expenses

$3,081

Mortgage P&I

38%

$1,434

Property Taxes

7%

$246

Home Insurance

3%

$105

HOA

1%

$27

Property Management

12%

$448

CapEx

4%

$149

Vacancy

3%

$112

Maintenance

4%

$149

Other

11%

$411

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