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2417 N Circle Dr, Ann Arbor, MI 48103

3 beds • 2 baths • 1189 sqft

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This property looks like a bad Airbnb investment with a projected -9.03% first-year return on $101k initial cash invested.

-9.03%

Cash On Cash

4.04%

Cap Rate

0.68

DSCR

$3,335

Rent

-$758

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,335 income − $4,093 expenses = $758 out of pocket

Income$3,335Out of Pocket$758Mortgage P&I$1,95359%Property Taxes$39912%Insurance$1414%Management$50015%CapEx$1334%Maintenance$1334%Other$83425%

Investment Breakdown

|

Purchase Price

$394k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$78,840

Closing costs

1%

$3,942

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,335

Total Expenses

$4,093

Mortgage P&I

59%

$1,953

Property Taxes

12%

$399

Home Insurance

4%

$141

HOA

0%

$0

Property Management

15%

$500

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$834

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