REI Lense

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$4,977 (target)

2545 Powell Ave, Ann Arbor, MI 48104

3 beds • 2 baths • 1552 sqft

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This property might be a fair Mid-Term investment with a projected 0.45% first-year return on $118k initial cash invested.

0.45%

Cash On Cash

6.6%

Cap Rate

1.1

DSCR

$4,977

Rent

$44

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,977 income − $4,933 expenses = $44 cash flow

Income$4,977Mortgage P&I$2,37448%Property Taxes$72815%Insurance$1403%Management$59712%CapEx$1994%Vacancy$1493%Maintenance$1994%Other$54711%Cash Flow$44

Investment Breakdown

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Purchase Price

$476k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,140

Closing costs

1%

$4,757

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,977

Total Expenses

$4,933

Mortgage P&I

48%

$2,374

Property Taxes

15%

$728

Home Insurance

3%

$140

HOA

0%

$0

Property Management

12%

$597

CapEx

4%

$199

Vacancy

3%

$149

Maintenance

4%

$199

Other

11%

$547

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