REI Lense

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$3,216 (target)

314 Mark Hannah Pl, Ann Arbor, MI 48103

3 beds • 2 baths • 1955 sqft

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This property looks like a bad Long-Term investment with a projected -22.07% first-year return on $153k initial cash invested.

-22.07%

Cash On Cash

1.74%

Cap Rate

0.28

DSCR

$3,216

Rent

-$2,806

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,216 income − $6,022 expenses = $2,806 out of pocket

Income$3,216Out of Pocket$2,806Mortgage P&I$3,697115%Property Taxes$1,23238%Insurance$2568%Management$32210%CapEx$1615%Vacancy$1936%Maintenance$1615%

Investment Breakdown

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Purchase Price

$727k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$153k

Downpayment

20%

$145k

Closing costs

1%

$7,266

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,216

Total Expenses

$6,022

Mortgage P&I

115%

$3,697

Property Taxes

38%

$1,232

Home Insurance

8%

$256

HOA

0%

$0

Property Management

10%

$322

CapEx

5%

$161

Vacancy

6%

$193

Maintenance

5%

$161

Other

0%

$0

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