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3036 Hawks Ave, Ann Arbor, MI 48108

3 beds • 3 baths • 1660 sqft

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This property looks like a bad Airbnb investment with a projected -2.99% first-year return on $98,367 initial cash invested.

-2.99%

Cash On Cash

5.77%

Cap Rate

0.96

DSCR

$4,431

Rent

-$245

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,431 income − $4,676 expenses = $245 out of pocket

Income$4,431Out of Pocket$245Mortgage P&I$1,90843%Property Taxes$47211%Insurance$1403%HOA$291%Management$66515%CapEx$1774%Maintenance$1774%Other$1,10825%

Investment Breakdown

|

Purchase Price

$383k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,367

Downpayment

20%

$76,540

Closing costs

1%

$3,827

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,431

Total Expenses

$4,676

Mortgage P&I

43%

$1,908

Property Taxes

11%

$472

Home Insurance

3%

$140

HOA

1%

$29

Property Management

15%

$665

CapEx

4%

$177

Vacancy

0%

$0

Maintenance

4%

$177

Other

25%

$1,108

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