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4157 Stoneridge Dr, Traverse City, MI 49684

3 beds • 3 baths • 1862 sqft

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This property looks like a bad Long-Term investment with a projected -13% first-year return on $131k initial cash invested.

-13%

Cash On Cash

3.41%

Cap Rate

0.58

DSCR

$2,964

Rent

-$1,417

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$623k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$125k

Closing costs

1%

$6,229

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,964

Total Expenses

$4,381

Mortgage P&I

102%

$3,038

Property Taxes

11%

$333

Home Insurance

8%

$228

HOA

0%

$12

Property Management

10%

$296

CapEx

5%

$148

Vacancy

6%

$178

Maintenance

5%

$148

Other

0%

$0

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