REI Lense

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$3,230 (target)

2987 Leslie Park Cir, Ann Arbor, MI 48105

3 beds • 4 baths • 2868 sqft

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This property looks like a bad Long-Term investment with a projected -11.16% first-year return on $119k initial cash invested.

-11.16%

Cash On Cash

3.95%

Cap Rate

0.66

DSCR

$3,230

Rent

-$1,110

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,230 income − $4,340 expenses = $1,110 out of pocket

Income$3,230Out of Pocket$1,110Mortgage P&I$2,81987%Property Taxes$38812%Insurance$1926%HOA$1003%Management$32310%CapEx$1625%Vacancy$1946%Maintenance$1625%

Investment Breakdown

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Purchase Price

$569k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$114k

Closing costs

1%

$5,685

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,230

Total Expenses

$4,340

Mortgage P&I

87%

$2,819

Property Taxes

12%

$388

Home Insurance

6%

$192

HOA

3%

$100

Property Management

10%

$323

CapEx

5%

$162

Vacancy

6%

$194

Maintenance

5%

$162

Other

0%

$0

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