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$2,895 (target)

4434 Ridgemoor Dr, Traverse City, MI 49684

3 beds • 2 baths • 2015 sqft

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This property looks like a bad Long-Term investment with a projected -8.36% first-year return on $101k initial cash invested.

-8.36%

Cash On Cash

4.55%

Cap Rate

0.77

DSCR

$2,895

Rent

-$703

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,895 income − $3,598 expenses = $703 out of pocket

Income$2,895Out of Pocket$703Mortgage P&I$2,38082%Property Taxes$28910%Insurance$1756%Management$29010%CapEx$1455%Vacancy$1746%Maintenance$1455%

Investment Breakdown

|

Purchase Price

$480k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$96,060

Closing costs

1%

$4,803

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,895

Total Expenses

$3,598

Mortgage P&I

82%

$2,380

Property Taxes

10%

$289

Home Insurance

6%

$175

HOA

0%

$0

Property Management

10%

$290

CapEx

5%

$145

Vacancy

6%

$174

Maintenance

5%

$145

Other

0%

$0

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