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1559 Glastonbury Rd, Ann Arbor, MI 48103

3 beds • 2 baths • 1320 sqft

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This property looks like a bad Airbnb investment with a projected -8.09% first-year return on $119k initial cash invested.

-8.09%

Cash On Cash

4.64%

Cap Rate

0.76

DSCR

$5,148

Rent

-$801

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,148 income − $5,949 expenses = $801 out of pocket

Income$5,148Out of Pocket$801Mortgage P&I$2,45048%Property Taxes$85617%Insurance$1723%Management$77215%CapEx$2064%Maintenance$2064%Other$1,28725%

Investment Breakdown

|

Purchase Price

$480k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$95,960

Closing costs

1%

$4,798

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,148

Total Expenses

$5,949

Mortgage P&I

48%

$2,450

Property Taxes

17%

$856

Home Insurance

3%

$172

HOA

0%

$0

Property Management

15%

$772

CapEx

4%

$206

Vacancy

0%

$0

Maintenance

4%

$206

Other

25%

$1,287

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