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$4,342 (target)

4434 Ridgemoor Dr, Traverse City, MI 49684

3 beds • 2 baths • 2015 sqft

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This property might be a fair Mid-Term investment with a projected 0.21% first-year return on $119k initial cash invested.

0.21%

Cash On Cash

6.43%

Cap Rate

1.08

DSCR

$4,342

Rent

$21

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,342 income − $4,321 expenses = $21 cash flow

Income$4,342Mortgage P&I$2,38055%Property Taxes$2897%Insurance$1754%Management$52112%CapEx$1744%Vacancy$1303%Maintenance$1744%Other$47811%Cash Flow$21

Investment Breakdown

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Purchase Price

$480k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$96,060

Closing costs

1%

$4,803

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,342

Total Expenses

$4,321

Mortgage P&I

55%

$2,380

Property Taxes

7%

$289

Home Insurance

4%

$175

HOA

0%

$0

Property Management

12%

$521

CapEx

4%

$174

Vacancy

3%

$130

Maintenance

4%

$174

Other

11%

$478

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