REI Lense

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$2,965 (target)

1559 Glastonbury Rd, Ann Arbor, MI 48103

3 beds • 2 baths • 1320 sqft

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This property looks like a bad Long-Term investment with a projected -15.28% first-year return on $101k initial cash invested.

-15.28%

Cash On Cash

3.29%

Cap Rate

0.54

DSCR

$2,965

Rent

-$1,283

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,965 income − $4,248 expenses = $1,283 out of pocket

Income$2,965Out of Pocket$1,283Mortgage P&I$2,45083%Property Taxes$85629%Insurance$1726%Management$29610%CapEx$1485%Vacancy$1786%Maintenance$1485%

Investment Breakdown

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Purchase Price

$480k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$95,960

Closing costs

1%

$4,798

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,965

Total Expenses

$4,248

Mortgage P&I

83%

$2,450

Property Taxes

29%

$856

Home Insurance

6%

$172

HOA

0%

$0

Property Management

10%

$296

CapEx

5%

$148

Vacancy

6%

$178

Maintenance

5%

$148

Other

0%

$0

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