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1408 E Park Pl, Ann Arbor, MI 48104

3 beds • 3 baths • 1664 sqft

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This property looks like a bad Long-Term investment with a projected -6.52% first-year return on $131k initial cash invested.

-6.52%

Cash On Cash

5.03%

Cap Rate

0.84

DSCR

$4,320

Rent

-$713

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$625k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$125k

Closing costs

1%

$6,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,320

Total Expenses

$5,033

Mortgage P&I

72%

$3,119

Property Taxes

13%

$572

Home Insurance

5%

$219

HOA

0%

$0

Property Management

10%

$432

CapEx

5%

$216

Vacancy

6%

$259

Maintenance

5%

$216

Other

0%

$0

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Comparable Property

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