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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 Airbnb investment with a projected -13.59% first-year return on $149k initial cash invested.

-13.59%

Cash On Cash

3.07%

Cap Rate

0.51

DSCR

$4,270

Rent

-$1,690

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

$149k

Downpayment

20%

$125k

Closing costs

1%

$6,250

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,270

Total Expenses

$5,960

Mortgage P&I

73%

$3,119

Property Taxes

13%

$572

Home Insurance

5%

$219

HOA

0%

$0

Property Management

15%

$640

CapEx

4%

$171

Vacancy

0%

$0

Maintenance

4%

$171

Other

25%

$1,068

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