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4150 Long Wood Dr, Traverse City, MI 49685

3 beds • 2 baths • 1694 sqft

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This property looks like a bad Airbnb investment with a projected -19.87% first-year return on $160k initial cash invested.

-19.87%

Cash On Cash

1.42%

Cap Rate

0.24

DSCR

$2,176

Rent

-$2,645

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$675k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$160k

Downpayment

20%

$135k

Closing costs

1%

$6,750

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,176

Total Expenses

$4,821

Mortgage P&I

154%

$3,359

Property Taxes

4%

$77

Home Insurance

11%

$236

HOA

5%

$105

Property Management

15%

$326

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$544

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