REI Lense

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$2,730 (target)

687 Arbutus Trl, Traverse City, MI 49696

3 beds • 3 baths • 1960 sqft

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This property looks like a bad Long-Term investment with a projected -17.77% first-year return on $133k initial cash invested.

-17.77%

Cash On Cash

2.63%

Cap Rate

0.43

DSCR

$2,730

Rent

-$1,962

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,730 income − $4,692 expenses = $1,962 out of pocket

Income$2,730Out of Pocket$1,962Mortgage P&I$3,210118%Property Taxes$54620%Insurance$2278%Management$27310%CapEx$1365%Vacancy$1646%Maintenance$1365%

Investment Breakdown

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Purchase Price

$631k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$126k

Closing costs

1%

$6,310

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,730

Total Expenses

$4,692

Mortgage P&I

118%

$3,210

Property Taxes

20%

$546

Home Insurance

8%

$227

HOA

0%

$0

Property Management

10%

$273

CapEx

5%

$136

Vacancy

6%

$164

Maintenance

5%

$136

Other

0%

$0

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