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$2,762 (target)

32144 Warren Rd, Westland, MI 48185

3 beds • 2 baths • 1446 sqft

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This property looks like a bad Mid-Term investment with a projected -5.82% first-year return on $85,179 initial cash invested.

-5.82%

Cash On Cash

5.48%

Cap Rate

0.83

DSCR

$2,762

Rent

-$413

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,762 income − $3,175 expenses = $413 out of pocket

Income$2,762Out of Pocket$413Mortgage P&I$1,76364%Property Taxes$36213%Insurance$1124%Management$33112%CapEx$1104%Vacancy$833%Maintenance$1104%Other$30411%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,179

Downpayment

20%

$63,980

Closing costs

1%

$3,199

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,762

Total Expenses

$3,175

Mortgage P&I

64%

$1,763

Property Taxes

13%

$362

Home Insurance

4%

$112

HOA

0%

$0

Property Management

12%

$331

CapEx

4%

$110

Vacancy

3%

$83

Maintenance

4%

$110

Other

11%

$304

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