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$5,060 (target)

1954 Independence Blvd, Ann Arbor, MI 48104

3 beds • 2 baths • 1554 sqft

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This property might be a fair Mid-Term investment with a projected 6.16% first-year return on $104k initial cash invested.

6.16%

Cash On Cash

8.28%

Cap Rate

1.35

DSCR

$5,060

Rent

$534

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,060 income − $4,526 expenses = $534 cash flow

Income$5,060Mortgage P&I$2,09441%Property Taxes$56811%Insurance$1443%Management$60712%CapEx$2024%Vacancy$1523%Maintenance$2024%Other$55711%Cash Flow$534

Investment Breakdown

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Purchase Price

$410k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$82,000

Closing costs

1%

$4,100

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,060

Total Expenses

$4,526

Mortgage P&I

41%

$2,094

Property Taxes

11%

$568

Home Insurance

3%

$144

HOA

0%

$0

Property Management

12%

$607

CapEx

4%

$202

Vacancy

3%

$152

Maintenance

4%

$202

Other

11%

$557

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