REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$1,583 (target)

31600 Grandview Ave, Westland, MI 48186

3 beds • 2 baths • 1999 sqft

Email

This property looks like a bad Long-Term investment with a projected -10.03% first-year return on $47,250 initial cash invested.

-10.03%

Cash On Cash

4.76%

Cap Rate

0.74

DSCR

$1,583

Rent

-$395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,583 income − $1,978 expenses = $395 out of pocket

Income$1,583Out of Pocket$395Mortgage P&I$1,20876%Property Taxes$28018%Insurance$795%Management$15810%CapEx$795%Vacancy$956%Maintenance$795%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,583

Total Expenses

$1,978

Mortgage P&I

76%

$1,208

Property Taxes

18%

$280

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$158

CapEx

5%

$79

Vacancy

6%

$95

Maintenance

5%

$79

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis