REI Lense

REI Lense

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$2,490 (target)

28300 Mackenzie Dr, Westland, MI 48185

3 beds • 2 baths • 1877 sqft

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This property might be a fair Mid-Term investment with a projected 0.69% first-year return on $68,190 initial cash invested.

0.69%

Cash On Cash

6.56%

Cap Rate

1.12

DSCR

$2,490

Rent

$39

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$239k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,190

Downpayment

20%

$47,800

Closing costs

1%

$2,390

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,490

Total Expenses

$2,451

Mortgage P&I

47%

$1,168

Property Taxes

14%

$342

Home Insurance

4%

$93

HOA

0%

$0

Property Management

12%

$299

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$274

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