REI Lense

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$4,154 (target)

2417 N Circle Dr, Ann Arbor, MI 48103

3 beds • 2 baths • 1189 sqft

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This property might be a fair Mid-Term investment with a projected 2.96% first-year return on $101k initial cash invested.

2.96%

Cash On Cash

7.21%

Cap Rate

1.21

DSCR

$4,154

Rent

$249

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,154 income − $3,905 expenses = $249 cash flow

Income$4,154Mortgage P&I$1,95347%Property Taxes$39910%Insurance$1413%Management$49812%CapEx$1664%Vacancy$1253%Maintenance$1664%Other$45711%Cash Flow$249

Investment Breakdown

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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

$4,154

Total Expenses

$3,905

Mortgage P&I

47%

$1,953

Property Taxes

10%

$399

Home Insurance

3%

$141

HOA

0%

$0

Property Management

12%

$498

CapEx

4%

$166

Vacancy

3%

$125

Maintenance

4%

$166

Other

11%

$457

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