REI Lense

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$2,659 (target)

2678 Valley Dr, Ann Arbor, MI 48103

3 beds • 3 baths • 2394 sqft

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This property looks like a bad Long-Term investment with a projected -19.74% first-year return on $114k initial cash invested.

-19.74%

Cash On Cash

2.14%

Cap Rate

0.36

DSCR

$2,659

Rent

-$1,871

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,659 income − $4,530 expenses = $1,871 out of pocket

Income$2,659Out of Pocket$1,871Mortgage P&I$2,702102%Property Taxes$96136%Insurance$1757%Management$26610%CapEx$1335%Vacancy$1606%Maintenance$1335%

Investment Breakdown

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Purchase Price

$542k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$108k

Closing costs

1%

$5,417

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,659

Total Expenses

$4,530

Mortgage P&I

102%

$2,702

Property Taxes

36%

$961

Home Insurance

7%

$175

HOA

0%

$0

Property Management

10%

$266

CapEx

5%

$133

Vacancy

6%

$160

Maintenance

5%

$133

Other

0%

$0

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