REI Lense

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$3,493 (target)

1111 Brooklyn Ave, Ann Arbor, MI 48104

3 beds • 2 baths • 1127 sqft

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This property looks like a bad Long-Term investment with a projected -15.67% first-year return on $111k initial cash invested.

-15.67%

Cash On Cash

3.24%

Cap Rate

0.53

DSCR

$3,493

Rent

-$1,451

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,493 income − $4,944 expenses = $1,451 out of pocket

Income$3,493Out of Pocket$1,451Mortgage P&I$2,70477%Property Taxes$1,13933%Insurance$1925%Management$34910%CapEx$1755%Vacancy$2106%Maintenance$1755%

Investment Breakdown

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Purchase Price

$529k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$106k

Closing costs

1%

$5,292

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,493

Total Expenses

$4,944

Mortgage P&I

77%

$2,704

Property Taxes

33%

$1,139

Home Insurance

6%

$192

HOA

0%

$0

Property Management

10%

$349

CapEx

5%

$175

Vacancy

6%

$210

Maintenance

5%

$175

Other

0%

$0

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