REI Lense

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$3,076 (target)

9754 E Harbor Hills Dr, Traverse City, MI 49684

3 beds • 2 baths • 1980 sqft

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This property looks like a bad Long-Term investment with a projected -14.5% first-year return on $152k initial cash invested.

-14.5%

Cash On Cash

3.15%

Cap Rate

0.53

DSCR

$3,076

Rent

-$1,840

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,076 income − $4,916 expenses = $1,840 out of pocket

Income$3,076Out of Pocket$1,840Mortgage P&I$3,590117%Property Taxes$2719%Insurance$2548%Management$30810%CapEx$1545%Vacancy$1856%Maintenance$1545%

Investment Breakdown

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Purchase Price

$725k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$152k

Downpayment

20%

$145k

Closing costs

1%

$7,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,076

Total Expenses

$4,916

Mortgage P&I

117%

$3,590

Property Taxes

9%

$271

Home Insurance

8%

$254

HOA

0%

$0

Property Management

10%

$308

CapEx

5%

$154

Vacancy

6%

$185

Maintenance

5%

$154

Other

0%

$0

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