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9643 Pattys Ln, Traverse City, MI 49684

3 beds • 3 baths • 2248 sqft

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This property looks like a bad Airbnb investment with a projected -7.74% first-year return on $138k initial cash invested.

-7.74%

Cash On Cash

4.63%

Cap Rate

0.76

DSCR

$4,842

Rent

-$891

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,842 income − $5,733 expenses = $891 out of pocket

Income$4,842Out of Pocket$891Mortgage P&I$2,90560%Property Taxes$2655%Insurance$2104%HOA$291%Management$72615%CapEx$1944%Maintenance$1944%Other$1,21025%

Investment Breakdown

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Purchase Price

$572k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$114k

Closing costs

1%

$5,721

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,842

Total Expenses

$5,733

Mortgage P&I

60%

$2,905

Property Taxes

5%

$265

Home Insurance

4%

$210

HOA

1%

$29

Property Management

15%

$726

CapEx

4%

$194

Vacancy

0%

$0

Maintenance

4%

$194

Other

25%

$1,210

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