REI Lense

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$4,995 (target)

2318 Newport Rd, Ann Arbor, MI 48103

3 beds • 2 baths • 2410 sqft

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This property looks like a bad Mid-Term investment with a projected -11.06% first-year return on $161k initial cash invested.

-11.06%

Cash On Cash

3.86%

Cap Rate

0.63

DSCR

$4,995

Rent

-$1,485

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,995 income − $6,480 expenses = $1,485 out of pocket

Income$4,995Out of Pocket$1,485Mortgage P&I$3,47970%Property Taxes$1,05821%Insurance$2455%Management$59912%CapEx$2004%Vacancy$1503%Maintenance$2004%Other$54911%

Investment Breakdown

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Purchase Price

$681k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$161k

Downpayment

20%

$136k

Closing costs

1%

$6,814

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,995

Total Expenses

$6,480

Mortgage P&I

70%

$3,479

Property Taxes

21%

$1,058

Home Insurance

5%

$245

HOA

0%

$0

Property Management

12%

$599

CapEx

4%

$200

Vacancy

3%

$150

Maintenance

4%

$200

Other

11%

$549

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