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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 Long-Term investment with a projected 0.6% first-year return on $61,719 initial cash invested.

0.6%

Cash On Cash

6.49%

Cap Rate

1.11

DSCR

$2,489

Rent

$31

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

$61,719

Downpayment

20%

$58,780

Closing costs

1%

$2,939

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,489

Total Expenses

$2,458

Mortgage P&I

58%

$1,434

Property Taxes

10%

$246

Home Insurance

4%

$105

HOA

1%

$27

Property Management

10%

$249

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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