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$3,690 (target)

2857 Verle Ave, Ann Arbor, MI 48108

3 beds • 2 baths • 1272 sqft

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This property looks like a bad Mid-Term investment with a projected -1.8% first-year return on $95,553 initial cash invested.

-1.8%

Cash On Cash

6%

Cap Rate

1

DSCR

$3,690

Rent

-$143

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,690 income − $3,833 expenses = $143 out of pocket

Income$3,690Out of Pocket$143Mortgage P&I$1,84350%Property Taxes$60516%Insurance$1293%Management$44312%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40611%

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

$3,690

Total Expenses

$3,833

Mortgage P&I

50%

$1,843

Property Taxes

16%

$605

Home Insurance

4%

$129

HOA

0%

$0

Property Management

12%

$443

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$406

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