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$2,720 (target)

30850 Ann Arbor Trl, Westland, MI 48185

3 beds • 2 baths • 1614 sqft

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This property looks like a bad Mid-Term investment with a projected -6.05% first-year return on $79,719 initial cash invested.

-6.05%

Cash On Cash

5.41%

Cap Rate

0.82

DSCR

$2,720

Rent

-$402

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,720 income − $3,122 expenses = $402 out of pocket

Income$2,720Out of Pocket$402Mortgage P&I$1,61960%Property Taxes$48518%Insurance$933%Management$32612%CapEx$1094%Vacancy$823%Maintenance$1094%Other$29911%

Investment Breakdown

|

Purchase Price

$294k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,719

Downpayment

20%

$58,780

Closing costs

1%

$2,939

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,720

Total Expenses

$3,122

Mortgage P&I

60%

$1,619

Property Taxes

18%

$485

Home Insurance

3%

$93

HOA

0%

$0

Property Management

12%

$326

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$299

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