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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 -6.33% first-year return on $98,367 initial cash invested.

-6.33%

Cash On Cash

4.84%

Cap Rate

0.81

DSCR

$3,903

Rent

-$519

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,903 income − $4,422 expenses = $519 out of pocket

Income$3,903Out of Pocket$519Mortgage P&I$1,90849%Property Taxes$47212%Insurance$1404%HOA$291%Management$58515%CapEx$1564%Maintenance$1564%Other$97625%

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

$3,903

Total Expenses

$4,422

Mortgage P&I

49%

$1,908

Property Taxes

12%

$472

Home Insurance

4%

$140

HOA

1%

$29

Property Management

15%

$585

CapEx

4%

$156

Vacancy

0%

$0

Maintenance

4%

$156

Other

25%

$976

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