REI Lense

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$1,897 (target)

1952 S Globe St, Westland, MI 48186

3 beds • 3 baths • 2012 sqft

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This property looks like a bad Long-Term investment with a projected -6.23% first-year return on $57,750 initial cash invested.

-6.23%

Cash On Cash

5.15%

Cap Rate

0.85

DSCR

$1,897

Rent

-$300

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,897 income − $2,197 expenses = $300 out of pocket

Income$1,897Out of Pocket$300Mortgage P&I$1,38673%Property Taxes$22112%Insurance$965%Management$19010%CapEx$955%Vacancy$1146%Maintenance$955%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,897

Total Expenses

$2,197

Mortgage P&I

73%

$1,386

Property Taxes

12%

$221

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$190

CapEx

5%

$95

Vacancy

6%

$114

Maintenance

5%

$95

Other

0%

$0

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