REI Lense

REI Lense

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$3,957 (target)

8300 E Nicholas Dr, Traverse City, MI 49684

3 beds • 4 baths • 2700 sqft

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This property looks like a bad Mid-Term investment with a projected -11.02% first-year return on $180k initial cash invested.

-11.02%

Cash On Cash

3.48%

Cap Rate

0.6

DSCR

$3,957

Rent

-$1,650

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

$3,957

Total Expenses

$5,607

Mortgage P&I

94%

$3,723

Property Taxes

7%

$259

Home Insurance

7%

$280

HOA

0%

$0

Property Management

12%

$475

CapEx

4%

$158

Vacancy

3%

$119

Maintenance

4%

$158

Other

11%

$435

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