REI Lense

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$3,450 (target)

4905 Ravine Ct, Ann Arbor, MI 48105

3 beds • 3 baths • 2914 sqft

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This property looks like a bad Long-Term investment with a projected -16.33% first-year return on $137k initial cash invested.

-16.33%

Cash On Cash

2.94%

Cap Rate

0.49

DSCR

$3,450

Rent

-$1,867

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,450 income − $5,317 expenses = $1,867 out of pocket

Income$3,450Out of Pocket$1,867Mortgage P&I$3,29696%Property Taxes$85425%Insurance$2367%HOA$351%Management$34510%CapEx$1725%Vacancy$2076%Maintenance$1725%

Investment Breakdown

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Purchase Price

$653k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$137k

Downpayment

20%

$131k

Closing costs

1%

$6,533

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,450

Total Expenses

$5,317

Mortgage P&I

96%

$3,296

Property Taxes

25%

$854

Home Insurance

7%

$236

HOA

1%

$35

Property Management

10%

$345

CapEx

5%

$172

Vacancy

6%

$207

Maintenance

5%

$172

Other

0%

$0

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