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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 -13.98% first-year return on $101k initial cash invested.

-13.98%

Cash On Cash

2.68%

Cap Rate

0.45

DSCR

$2,539

Rent

-$1,174

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,539 income − $3,713 expenses = $1,174 out of pocket

Income$2,539Out of Pocket$1,174Mortgage P&I$1,95377%Property Taxes$39916%Insurance$1416%Management$38115%CapEx$1024%Maintenance$1024%Other$63525%

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

$2,539

Total Expenses

$3,713

Mortgage P&I

77%

$1,953

Property Taxes

16%

$399

Home Insurance

6%

$141

HOA

0%

$0

Property Management

15%

$381

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$635

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