REI Lense

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$3,546 (target)

2971 Briarcliff St, Ann Arbor, MI 48105

3 beds • 2 baths • 1684 sqft

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This property looks like a bad Mid-Term investment with a projected -3.89% first-year return on $102k initial cash invested.

-3.89%

Cash On Cash

5.67%

Cap Rate

0.91

DSCR

$3,546

Rent

-$331

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,546 income − $3,877 expenses = $331 out of pocket

Income$3,546Out of Pocket$331Mortgage P&I$2,07759%Property Taxes$45413%Insurance$1404%Management$42612%CapEx$1424%Vacancy$1063%Maintenance$1424%Other$39011%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,546

Total Expenses

$3,877

Mortgage P&I

59%

$2,077

Property Taxes

13%

$454

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$426

CapEx

4%

$142

Vacancy

3%

$106

Maintenance

4%

$142

Other

11%

$390

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