REI Lense

REI Lense

Unlock all features! Tap here to upgrade

8300 E Nicholas Dr, Traverse City, MI 49684

3 beds • 4 baths • 2700 sqft

Email

This property looks like a bad Airbnb investment with a projected -16.39% first-year return on $180k initial cash invested.

-16.39%

Cash On Cash

2.19%

Cap Rate

0.38

DSCR

$3,474

Rent

-$2,455

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,474 income − $5,929 expenses = $2,455 out of pocket

Income$3,474Out of Pocket$2,455Mortgage P&I$3,723107%Property Taxes$2597%Insurance$2808%Management$52115%CapEx$1394%Maintenance$1394%Other$86825%

Investment Breakdown

|

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

$3,474

Total Expenses

$5,929

Mortgage P&I

107%

$3,723

Property Taxes

7%

$259

Home Insurance

8%

$280

HOA

0%

$0

Property Management

15%

$521

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$868

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis