REI Lense

REI Lense

Unlock all features! Tap here to upgrade

123 Luella Ave, Ann Arbor, MI 48103

3 beds • 3 baths • 2040 sqft

Email

This property looks like a bad Airbnb investment with a projected -0.91% first-year return on $144k initial cash invested.

-0.91%

Cash On Cash

6.15%

Cap Rate

1.06

DSCR

$7,121

Rent

-$109

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,121 income − $7,230 expenses = $109 out of pocket

Income$7,121Out of Pocket$109Mortgage P&I$2,90441%Property Taxes$70810%Insurance$2003%Management$1,06815%CapEx$2854%Maintenance$2854%Other$1,78025%

Investment Breakdown

|

Purchase Price

$601k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$6,007

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$7,121

Total Expenses

$7,230

Mortgage P&I

41%

$2,904

Property Taxes

10%

$708

Home Insurance

3%

$200

HOA

0%

$0

Property Management

15%

$1,068

CapEx

4%

$285

Vacancy

0%

$0

Maintenance

4%

$285

Other

25%

$1,780

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis