REI Lense

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$2,928 (target)

3885 Gaddi Dr, Traverse City, MI 49684

3 beds • 2 baths • 2027 sqft

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This property looks like a bad Long-Term investment with a projected -8.13% first-year return on $98,406 initial cash invested.

-8.13%

Cash On Cash

4.69%

Cap Rate

0.78

DSCR

$2,928

Rent

-$667

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,928 income − $3,595 expenses = $667 out of pocket

Income$2,928Out of Pocket$667Mortgage P&I$2,35280%Property Taxes$30911%Insurance$1736%Management$29310%CapEx$1465%Vacancy$1766%Maintenance$1465%

Investment Breakdown

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Purchase Price

$469k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,406

Downpayment

20%

$93,720

Closing costs

1%

$4,686

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,928

Total Expenses

$3,595

Mortgage P&I

80%

$2,352

Property Taxes

11%

$309

Home Insurance

6%

$173

HOA

0%

$0

Property Management

10%

$293

CapEx

5%

$146

Vacancy

6%

$176

Maintenance

5%

$146

Other

0%

$0

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