REI Lense

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$4,624 (target)

220 S 7th St, Ann Arbor, MI 48103

3 beds • 3 baths • 1094 sqft

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This property looks like a bad Mid-Term investment with a projected -7.61% first-year return on $140k initial cash invested.

-7.61%

Cash On Cash

4.5%

Cap Rate

0.76

DSCR

$4,624

Rent

-$887

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,624 income − $5,511 expenses = $887 out of pocket

Income$4,624Out of Pocket$887Mortgage P&I$2,87762%Property Taxes$88819%Insurance$1734%Management$55512%CapEx$1854%Vacancy$1393%Maintenance$1854%Other$50911%

Investment Breakdown

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Purchase Price

$581k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$116k

Closing costs

1%

$5,805

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,624

Total Expenses

$5,511

Mortgage P&I

62%

$2,877

Property Taxes

19%

$888

Home Insurance

4%

$173

HOA

0%

$0

Property Management

12%

$555

CapEx

4%

$185

Vacancy

3%

$139

Maintenance

4%

$185

Other

11%

$509

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