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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 Long-Term investment with a projected -15.3% first-year return on $114k initial cash invested.

-15.3%

Cash On Cash

3.14%

Cap Rate

0.52

DSCR

$3,230

Rent

-$1,459

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

$114k

Downpayment

20%

$109k

Closing costs

1%

$5,448

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,230

Total Expenses

$4,689

Mortgage P&I

84%

$2,724

Property Taxes

29%

$940

Home Insurance

6%

$184

HOA

0%

$0

Property Management

10%

$323

CapEx

5%

$162

Vacancy

6%

$194

Maintenance

5%

$162

Other

0%

$0

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Comparable Property

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$2,850

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