REI Lense

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$1,982 (target)

32638 Judy Dr, Westland, MI 48185

3 beds • 2 baths • 1973 sqft

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This property looks like a bad Long-Term investment with a projected -7.78% first-year return on $48,594 initial cash invested.

-7.78%

Cash On Cash

4.85%

Cap Rate

0.81

DSCR

$1,982

Rent

-$315

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,982 income − $2,297 expenses = $315 out of pocket

Income$1,982Out of Pocket$315Mortgage P&I$1,15158%Property Taxes$53827%Insurance$935%Management$19810%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

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Purchase Price

$231k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,594

Downpayment

20%

$46,280

Closing costs

1%

$2,314

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,982

Total Expenses

$2,297

Mortgage P&I

58%

$1,151

Property Taxes

27%

$538

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$198

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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