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8300 E Nicholas Dr, Traverse City, MI 49684

3 beds • 4 baths • 2700 sqft

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This property looks like a bad Airbnb investment with a projected -14.07% first-year return on $180k initial cash invested.

-14.07%

Cash On Cash

2.78%

Cap Rate

0.48

DSCR

$4,145

Rent

-$2,107

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$770k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$180k

Downpayment

20%

$154k

Closing costs

1%

$7,701

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,145

Total Expenses

$6,252

Mortgage P&I

90%

$3,723

Property Taxes

6%

$259

Home Insurance

7%

$280

HOA

0%

$0

Property Management

15%

$622

CapEx

4%

$166

Vacancy

0%

$0

Maintenance

4%

$166

Other

25%

$1,036

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