REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$4,588 (target)

3869 Stoneridge Dr, Traverse City, MI 49684

3 beds • 2 baths • 1948 sqft

Email

This property looks like a bad Mid-Term investment with a projected -6.91% first-year return on $154k initial cash invested.

-6.91%

Cash On Cash

4.8%

Cap Rate

0.79

DSCR

$4,588

Rent

-$887

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,588 income − $5,475 expenses = $887 out of pocket

Income$4,588Out of Pocket$887Mortgage P&I$3,29272%Property Taxes$3898%Insurance$2205%HOA$12Management$55112%CapEx$1844%Vacancy$1383%Maintenance$1844%Other$50511%

Investment Breakdown

|

Purchase Price

$648k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$154k

Downpayment

20%

$130k

Closing costs

1%

$6,476

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,588

Total Expenses

$5,475

Mortgage P&I

72%

$3,292

Property Taxes

8%

$389

Home Insurance

5%

$220

HOA

0%

$12

Property Management

12%

$551

CapEx

4%

$184

Vacancy

3%

$138

Maintenance

4%

$184

Other

11%

$505

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis