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20 Heatheridge St, Ann Arbor, MI 48104

3 beds • 2 baths • 1688 sqft

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This property looks like a bad Airbnb investment with a projected -16.77% first-year return on $161k initial cash invested.

-16.77%

Cash On Cash

2.18%

Cap Rate

0.38

DSCR

$4,900

Rent

-$2,256

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$683k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$161k

Downpayment

20%

$137k

Closing costs

1%

$6,830

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,900

Total Expenses

$7,156

Mortgage P&I

67%

$3,302

Property Taxes

26%

$1,257

Home Insurance

5%

$245

HOA

0%

$0

Property Management

15%

$735

CapEx

4%

$196

Vacancy

0%

$0

Maintenance

4%

$196

Other

25%

$1,225

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