REI Lense

REI Lense

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$2,374 (target)

31600 Grandview Ave, Westland, MI 48186

3 beds • 2 baths • 1999 sqft

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This property looks like a bad Mid-Term investment with a projected 0% first-year return on $65,250 initial cash invested.

0%

Cash On Cash

6.95%

Cap Rate

1.08

DSCR

$2,374

Rent

$0

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,374 income − $2,374 expenses = $0 cash flow

Income$2,374Mortgage P&I$1,20851%Property Taxes$28012%Insurance$793%Management$28512%CapEx$954%Vacancy$713%Maintenance$954%Other$26111%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,374

Total Expenses

$2,374

Mortgage P&I

51%

$1,208

Property Taxes

12%

$280

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$285

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$261

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