REI Lense

REI Lense

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Target property

2857 Verle Ave, Ann Arbor, MI 48108

3 beds • 2 baths • 1272 sqft

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This property looks like a bad Airbnb investment with a projected -32.36% first-year return on $95,553 initial cash invested.

-32.36%

Cash On Cash

-2.39%

Cap Rate

-0.4

DSCR

$0

Rent

-$2,577

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$0 income − $2,577 expenses = $2,577 out of pocket

Income$0Out of Pocket$2,577Mortgage P&I$1,843Property Taxes$605Insurance$129

Investment Breakdown

|

Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,553

Downpayment

20%

$73,860

Closing costs

1%

$3,693

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$0

Total Expenses

$2,577

Mortgage P&I

18430000%

$1,843

Property Taxes

6050000%

$605

Home Insurance

1290000%

$129

HOA

0%

$0

Property Management

0%

$0

CapEx

0%

$0

Vacancy

0%

$0

Maintenance

0%

$0

Other

0%

$0

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