REI Lense

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$1,787 (target)

224 S Norma St, Westland, MI 48186

3 beds • 2 baths • 1302 sqft

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This property looks like a bad Long-Term investment with a projected -6.26% first-year return on $49,875 initial cash invested.

-6.26%

Cash On Cash

5.66%

Cap Rate

0.87

DSCR

$1,787

Rent

-$260

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,787 income − $2,047 expenses = $260 out of pocket

Income$1,787Out of Pocket$260Mortgage P&I$1,29172%Property Taxes$20812%Insurance$845%Management$17910%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$238k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,875

Downpayment

20%

$47,500

Closing costs

1%

$2,375

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,787

Total Expenses

$2,047

Mortgage P&I

72%

$1,291

Property Taxes

12%

$208

Home Insurance

5%

$84

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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