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204 Westover St, Ann Arbor, MI 48103

3 beds • 2 baths • 1217 sqft

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This property looks like a bad Airbnb investment with a projected -0.22% first-year return on $104k initial cash invested.

-0.22%

Cash On Cash

6.68%

Cap Rate

1.09

DSCR

$5,175

Rent

-$19

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,175 income − $5,194 expenses = $19 out of pocket

Income$5,175Out of Pocket$19Mortgage P&I$2,09340%Property Taxes$4739%Insurance$1443%Management$77615%CapEx$2074%Maintenance$2074%Other$1,29425%

Investment Breakdown

|

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

$5,175

Total Expenses

$5,194

Mortgage P&I

40%

$2,093

Property Taxes

9%

$473

Home Insurance

3%

$144

HOA

0%

$0

Property Management

15%

$776

CapEx

4%

$207

Vacancy

0%

$0

Maintenance

4%

$207

Other

25%

$1,294

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