REI Lense

REI Lense

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$2,231 (target)

1973 Golfview Ln, Westland, MI 48186

3 beds • 4 baths • 2929 sqft

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This property looks like a bad Long-Term investment with a projected -10.5% first-year return on $66,066 initial cash invested.

-10.5%

Cash On Cash

4.28%

Cap Rate

0.71

DSCR

$2,231

Rent

-$578

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,231 income − $2,809 expenses = $578 out of pocket

Income$2,231Out of Pocket$578Mortgage P&I$1,58871%Property Taxes$47121%Insurance$1316%HOA$382%Management$22310%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,066

Downpayment

20%

$62,920

Closing costs

1%

$3,146

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,231

Total Expenses

$2,809

Mortgage P&I

71%

$1,588

Property Taxes

21%

$471

Home Insurance

6%

$131

HOA

2%

$38

Property Management

10%

$223

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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