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$4,743 (target)

3552 Lookout Pt, Traverse City, MI 49686

3 beds • 3 baths • 2346 sqft

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This property looks like a bad Mid-Term investment with a projected -2.05% first-year return on $133k initial cash invested.

-2.05%

Cash On Cash

6.05%

Cap Rate

0.99

DSCR

$4,743

Rent

-$227

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,743 income − $4,970 expenses = $227 out of pocket

Income$4,743Out of Pocket$227Mortgage P&I$2,80159%Property Taxes$3568%Insurance$2004%Management$56912%CapEx$1904%Vacancy$1423%Maintenance$1904%Other$52211%

Investment Breakdown

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Purchase Price

$548k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$110k

Closing costs

1%

$5,483

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,743

Total Expenses

$4,970

Mortgage P&I

59%

$2,801

Property Taxes

8%

$356

Home Insurance

4%

$200

HOA

0%

$0

Property Management

12%

$569

CapEx

4%

$190

Vacancy

3%

$142

Maintenance

4%

$190

Other

11%

$522

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