REI Lense

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$4,448 (target)

1559 Glastonbury Rd, Ann Arbor, MI 48103

3 beds • 2 baths • 1320 sqft

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This property looks like a bad Mid-Term investment with a projected -5.48% first-year return on $119k initial cash invested.

-5.48%

Cash On Cash

5.22%

Cap Rate

0.85

DSCR

$4,448

Rent

-$542

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,448 income − $4,990 expenses = $542 out of pocket

Income$4,448Out of Pocket$542Mortgage P&I$2,45055%Property Taxes$85619%Insurance$1724%Management$53412%CapEx$1784%Vacancy$1333%Maintenance$1784%Other$48911%

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

$4,448

Total Expenses

$4,990

Mortgage P&I

55%

$2,450

Property Taxes

19%

$856

Home Insurance

4%

$172

HOA

0%

$0

Property Management

12%

$534

CapEx

4%

$178

Vacancy

3%

$133

Maintenance

4%

$178

Other

11%

$489

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