REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

29240 Brody Ave, Westland, MI 48185

3 beds • 2 baths • 2014 sqft

Email

This property looks like a bad Airbnb investment with a projected -8.06% first-year return on $65,355 initial cash invested.

-8.06%

Cash On Cash

4.46%

Cap Rate

0.71

DSCR

$2,240

Rent

-$439

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$226k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,355

Downpayment

20%

$45,100

Closing costs

1%

$2,255

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,240

Total Expenses

$2,679

Mortgage P&I

53%

$1,187

Property Taxes

15%

$330

Home Insurance

4%

$86

HOA

0%

$0

Property Management

15%

$336

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$560

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis