REI Lense

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$3,059 (target)

3869 Stoneridge Dr, Traverse City, MI 49684

3 beds • 2 baths • 1948 sqft

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This property looks like a bad Long-Term investment with a projected -14.56% first-year return on $136k initial cash invested.

-14.56%

Cash On Cash

3.33%

Cap Rate

0.55

DSCR

$3,059

Rent

-$1,650

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,059 income − $4,709 expenses = $1,650 out of pocket

Income$3,059Out of Pocket$1,650Mortgage P&I$3,292108%Property Taxes$38913%Insurance$2207%HOA$12Management$30610%CapEx$1535%Vacancy$1846%Maintenance$1535%

Investment Breakdown

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Purchase Price

$648k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$136k

Downpayment

20%

$130k

Closing costs

1%

$6,476

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,059

Total Expenses

$4,709

Mortgage P&I

108%

$3,292

Property Taxes

13%

$389

Home Insurance

7%

$220

HOA

0%

$12

Property Management

10%

$306

CapEx

5%

$153

Vacancy

6%

$184

Maintenance

5%

$153

Other

0%

$0

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