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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 -8.71% first-year return on $119k initial cash invested.

-8.71%

Cash On Cash

4.47%

Cap Rate

0.73

DSCR

$5,031

Rent

-$862

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,031 income − $5,893 expenses = $862 out of pocket

Income$5,031Out of Pocket$862Mortgage P&I$2,45049%Property Taxes$85617%Insurance$1723%Management$75515%CapEx$2014%Maintenance$2014%Other$1,25825%

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

$5,031

Total Expenses

$5,893

Mortgage P&I

49%

$2,450

Property Taxes

17%

$856

Home Insurance

3%

$172

HOA

0%

$0

Property Management

15%

$755

CapEx

4%

$201

Vacancy

0%

$0

Maintenance

4%

$201

Other

25%

$1,258

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