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2980 Devonshire Rd, Ann Arbor, MI 48104

4 beds • 3 baths • 4858 sqft

$1,795,000

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This property looks like a bad Airbnb investment with a projected -27.7% first-year return on $401k initial cash invested.

-27.7%

Cash On Cash

-0.04%

Cap Rate

-0.01

DSCR

$4,538

Rent

-$9,255

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1795k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$401k

Downpayment

20%

$359k

Closing costs

1%

$17,950

Rehab

0%

$0

Furnishing

1%

$24,000

Cashflow

Total Income

$4,538

Total Expenses

$13,793

Mortgage P&I

199%

$9,013

Property Taxes

43%

$1,973

Home Insurance

14%

$628

HOA

0%

$0

Property Management

15%

$681

CapEx

4%

$182

Vacancy

0%

$0

Maintenance

4%

$182

Other

25%

$1,134

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Sweet Colonial Home in Ann Arbor

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4

2.5

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4

3

1.65 mi

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4

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2

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0.9 mi

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$2,850

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5

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0.6 mi

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2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

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5

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