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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 Mid-Term investment with a projected -1.6% first-year return on $137k initial cash invested.
-1.6%
Cash On Cash
6.02%
Cap Rate
1.01
DSCR
$5,025
Rent
-$183
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,025 income − $5,208 expenses = $183 out of pocket
Investment Breakdown
|
Purchase Price
$569k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$137k
Downpayment
20%
$114k
Closing costs
1%
$5,690
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,025
Total Expenses
$5,208
Mortgage P&I
56%
$2,835
Property Taxes
9%
$456
Home Insurance
4%
$208
HOA
0%
$0
Property Management
12%
$603
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$553