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1701 Hanover Rd, Ann Arbor, MI 48103

3 beds • 2 baths • 1897 sqft

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This property looks like a bad Airbnb investment with a projected -7.67% first-year return on $132k initial cash invested.

-7.67%

Cash On Cash

4.65%

Cap Rate

0.77

DSCR

$5,774

Rent

-$846

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$545k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$109k

Closing costs

1%

$5,448

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,774

Total Expenses

$6,620

Mortgage P&I

47%

$2,724

Property Taxes

16%

$940

Home Insurance

3%

$184

HOA

0%

$0

Property Management

15%

$866

CapEx

4%

$231

Vacancy

0%

$0

Maintenance

4%

$231

Other

25%

$1,444

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