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$2,973 (target)

32638 Judy Dr, Westland, MI 48185

3 beds • 2 baths • 1973 sqft

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This property might be a fair Mid-Term investment with a projected 3.24% first-year return on $66,594 initial cash invested.

3.24%

Cash On Cash

7.52%

Cap Rate

1.26

DSCR

$2,973

Rent

$180

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,973 income − $2,793 expenses = $180 cash flow

Income$2,973Mortgage P&I$1,15139%Property Taxes$53818%Insurance$933%Management$35712%CapEx$1194%Vacancy$893%Maintenance$1194%Other$32711%Cash Flow$180

Investment Breakdown

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Purchase Price

$231k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,594

Downpayment

20%

$46,280

Closing costs

1%

$2,314

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,973

Total Expenses

$2,793

Mortgage P&I

39%

$1,151

Property Taxes

18%

$538

Home Insurance

3%

$93

HOA

0%

$0

Property Management

12%

$357

CapEx

4%

$119

Vacancy

3%

$89

Maintenance

4%

$119

Other

11%

$327

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