REI Lense

REI Lense

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$2,172 (target)

629 Duane Ct, Ann Arbor, MI 48103

3 beds • 2 baths • 1074 sqft

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This property looks like a bad Long-Term investment with a projected -15.34% first-year return on $89,250 initial cash invested.

-15.34%

Cash On Cash

3.17%

Cap Rate

0.52

DSCR

$2,172

Rent

-$1,141

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,172 income − $3,313 expenses = $1,141 out of pocket

Income$2,172Out of Pocket$1,141Mortgage P&I$2,15399%Property Taxes$44621%Insurance$1497%Management$21710%CapEx$1095%Vacancy$1306%Maintenance$1095%

Investment Breakdown

|

Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,250

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,172

Total Expenses

$3,313

Mortgage P&I

99%

$2,153

Property Taxes

21%

$446

Home Insurance

7%

$149

HOA

0%

$0

Property Management

10%

$217

CapEx

5%

$109

Vacancy

6%

$130

Maintenance

5%

$109

Other

0%

$0

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