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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 -5.86% first-year return on $98,367 initial cash invested.

-5.86%

Cash On Cash

4.98%

Cap Rate

0.83

DSCR

$3,978

Rent

-$480

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,978 income − $4,458 expenses = $480 out of pocket

Income$3,978Out of Pocket$480Mortgage P&I$1,90848%Property Taxes$47212%Insurance$1404%HOA$291%Management$59715%CapEx$1594%Maintenance$1594%Other$99425%

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

$3,978

Total Expenses

$4,458

Mortgage P&I

48%

$1,908

Property Taxes

12%

$472

Home Insurance

4%

$140

HOA

1%

$29

Property Management

15%

$597

CapEx

4%

$159

Vacancy

0%

$0

Maintenance

4%

$159

Other

25%

$994

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