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712 N South Long Lake Rd, Traverse City, MI 49685
3 beds • 2 baths • 2804 sqft
$569,000
View on ZillowThis property looks like a bad Long-Term investment with a projected -10.25% first-year return on $119k initial cash invested.
-10.25%
Cash On Cash
4.18%
Cap Rate
0.7
DSCR
$3,350
Rent
-$1,021
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,350 income − $4,371 expenses = $1,021 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$119k
Downpayment
20%
$114k
Closing costs
1%
$5,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,350
Total Expenses
$4,371
Mortgage P&I
85%
$2,835
Property Taxes
14%
$456
Home Insurance
6%
$208
HOA
0%
$0
Property Management
10%
$335
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0