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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 -12.5% first-year return on $95,553 initial cash invested.

-12.5%

Cash On Cash

3.15%

Cap Rate

0.53

DSCR

$3,044

Rent

-$995

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,044 income − $4,039 expenses = $995 out of pocket

Income$3,044Out of Pocket$995Mortgage P&I$1,84361%Property Taxes$60520%Insurance$1294%Management$45715%CapEx$1224%Maintenance$1224%Other$76125%

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

$3,044

Total Expenses

$4,039

Mortgage P&I

61%

$1,843

Property Taxes

20%

$605

Home Insurance

4%

$129

HOA

0%

$0

Property Management

15%

$457

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$761

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