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314 Mark Hannah Pl, Ann Arbor, MI 48103

3 beds • 2 baths • 1955 sqft

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This property looks like a bad Airbnb investment with a projected -23.99% first-year return on $171k initial cash invested.

-23.99%

Cash On Cash

0.7%

Cap Rate

0.11

DSCR

$3,413

Rent

-$3,411

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,413 income − $6,824 expenses = $3,411 out of pocket

Income$3,413Out of Pocket$3,411Mortgage P&I$3,697108%Property Taxes$1,23236%Insurance$2568%Management$51215%CapEx$1374%Maintenance$1374%Other$85325%

Investment Breakdown

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Purchase Price

$727k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$171k

Downpayment

20%

$145k

Closing costs

1%

$7,266

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,413

Total Expenses

$6,824

Mortgage P&I

108%

$3,697

Property Taxes

36%

$1,232

Home Insurance

8%

$256

HOA

0%

$0

Property Management

15%

$512

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$853

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