REI Lense

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$3,346 (target)

1973 Golfview Ln, Westland, MI 48186

3 beds • 4 baths • 2929 sqft

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This property looks like a bad Mid-Term investment with a projected -0.29% first-year return on $84,066 initial cash invested.

-0.29%

Cash On Cash

6.49%

Cap Rate

1.07

DSCR

$3,346

Rent

-$20

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,346 income − $3,366 expenses = $20 out of pocket

Income$3,346Out of Pocket$20Mortgage P&I$1,58847%Property Taxes$47114%Insurance$1314%HOA$381%Management$40212%CapEx$1344%Vacancy$1003%Maintenance$1344%Other$36811%

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,066

Downpayment

20%

$62,920

Closing costs

1%

$3,146

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,346

Total Expenses

$3,366

Mortgage P&I

47%

$1,588

Property Taxes

14%

$471

Home Insurance

4%

$131

HOA

1%

$38

Property Management

12%

$402

CapEx

4%

$134

Vacancy

3%

$100

Maintenance

4%

$134

Other

11%

$368

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