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$2,846 (target)

1952 S Globe St, Westland, MI 48186

3 beds • 3 baths • 2012 sqft

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This property might be a fair Mid-Term investment with a projected 2.77% first-year return on $75,750 initial cash invested.

2.77%

Cash On Cash

7.31%

Cap Rate

1.21

DSCR

$2,846

Rent

$175

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,846 income − $2,671 expenses = $175 cash flow

Income$2,846Mortgage P&I$1,38649%Property Taxes$2218%Insurance$963%Management$34212%CapEx$1144%Vacancy$853%Maintenance$1144%Other$31311%Cash Flow$175

Investment Breakdown

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Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,750

Downpayment

20%

$55,000

Closing costs

1%

$2,750

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,846

Total Expenses

$2,671

Mortgage P&I

49%

$1,386

Property Taxes

8%

$221

Home Insurance

3%

$96

HOA

0%

$0

Property Management

12%

$342

CapEx

4%

$114

Vacancy

3%

$85

Maintenance

4%

$114

Other

11%

$313

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