REI Lense

REI Lense

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$3,210 (target)

850 Arlington Blvd, Ann Arbor, MI 48104

3 beds • 2 baths • 2420 sqft

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This property looks like a bad Long-Term investment with a projected -23.75% first-year return on $143k initial cash invested.

-23.75%

Cash On Cash

1.24%

Cap Rate

0.21

DSCR

$3,210

Rent

-$2,829

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,210 income − $6,039 expenses = $2,829 out of pocket

Income$3,210Out of Pocket$2,829Mortgage P&I$3,370105%Property Taxes$1,59050%Insurance$2458%Management$32110%CapEx$1605%Vacancy$1936%Maintenance$1605%

Investment Breakdown

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Purchase Price

$681k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$143k

Downpayment

20%

$136k

Closing costs

1%

$6,806

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,210

Total Expenses

$6,039

Mortgage P&I

105%

$3,370

Property Taxes

50%

$1,590

Home Insurance

8%

$245

HOA

0%

$0

Property Management

10%

$321

CapEx

5%

$160

Vacancy

6%

$193

Maintenance

5%

$160

Other

0%

$0

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