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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 -14.12% first-year return on $180k initial cash invested.

-14.12%

Cash On Cash

2.76%

Cap Rate

0.48

DSCR

$4,130

Rent

-$2,114

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,130 income − $6,244 expenses = $2,114 out of pocket

Income$4,130Out of Pocket$2,114Mortgage P&I$3,72390%Property Taxes$2596%Insurance$2807%Management$62015%CapEx$1654%Maintenance$1654%Other$1,03225%

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

$4,130

Total Expenses

$6,244

Mortgage P&I

90%

$3,723

Property Taxes

6%

$259

Home Insurance

7%

$280

HOA

0%

$0

Property Management

15%

$620

CapEx

4%

$165

Vacancy

0%

$0

Maintenance

4%

$165

Other

25%

$1,032

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