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$2,680 (target)

224 S Norma St, Westland, MI 48186

3 beds • 2 baths • 1302 sqft

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This property might be a fair Mid-Term investment with a projected 3.29% first-year return on $67,875 initial cash invested.

3.29%

Cash On Cash

8%

Cap Rate

1.23

DSCR

$2,680

Rent

$186

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,680 income − $2,494 expenses = $186 cash flow

Income$2,680Mortgage P&I$1,29148%Property Taxes$2088%Insurance$843%Management$32212%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29511%Cash Flow$186

Investment Breakdown

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Purchase Price

$238k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,875

Downpayment

20%

$47,500

Closing costs

1%

$2,375

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,680

Total Expenses

$2,494

Mortgage P&I

48%

$1,291

Property Taxes

8%

$208

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$322

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$295

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