REI Lense

REI Lense

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$2,460 (target)

2857 Verle Ave, Ann Arbor, MI 48108

3 beds • 2 baths • 1272 sqft

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This property looks like a bad Long-Term investment with a projected -11.71% first-year return on $77,553 initial cash invested.

-11.71%

Cash On Cash

3.93%

Cap Rate

0.66

DSCR

$2,460

Rent

-$757

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,460 income − $3,217 expenses = $757 out of pocket

Income$2,460Out of Pocket$757Mortgage P&I$1,84375%Property Taxes$60525%Insurance$1295%Management$24610%CapEx$1235%Vacancy$1486%Maintenance$1235%

Investment Breakdown

|

Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,553

Downpayment

20%

$73,860

Closing costs

1%

$3,693

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,460

Total Expenses

$3,217

Mortgage P&I

75%

$1,843

Property Taxes

25%

$605

Home Insurance

5%

$129

HOA

0%

$0

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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