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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 -13.41% first-year return on $95,553 initial cash invested.

-13.41%

Cash On Cash

2.9%

Cap Rate

0.48

DSCR

$2,902

Rent

-$1,068

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,902 income − $3,970 expenses = $1,068 out of pocket

Income$2,902Out of Pocket$1,068Mortgage P&I$1,84364%Property Taxes$60521%Insurance$1294%Management$43515%CapEx$1164%Maintenance$1164%Other$72625%

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

$2,902

Total Expenses

$3,970

Mortgage P&I

64%

$1,843

Property Taxes

21%

$605

Home Insurance

4%

$129

HOA

0%

$0

Property Management

15%

$435

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$726

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