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$2,572 (target)

32453 Hiveley St, Westland, MI 48186

3 beds • 2 baths • 2149 sqft

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This property might be a fair Mid-Term investment with a projected 4.13% first-year return on $65,313 initial cash invested.

4.13%

Cash On Cash

8.15%

Cap Rate

1.27

DSCR

$2,572

Rent

$225

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,572 income − $2,347 expenses = $225 cash flow

Income$2,572Mortgage P&I$1,20247%Property Taxes$2008%Insurance$703%Management$30912%CapEx$1034%Vacancy$773%Maintenance$1034%Other$28311%Cash Flow$225

Investment Breakdown

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Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,313

Downpayment

20%

$45,060

Closing costs

1%

$2,253

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,572

Total Expenses

$2,347

Mortgage P&I

47%

$1,202

Property Taxes

8%

$200

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$309

CapEx

4%

$103

Vacancy

3%

$77

Maintenance

4%

$103

Other

11%

$283

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