REI Lense

REI Lense

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$2,291 (target)

32704 Ann Arbor Trl, Westland, MI 48185

3 beds • 2 baths • 1600 sqft

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This property looks like a bad Long-Term investment with a projected -8.82% first-year return on $60,690 initial cash invested.

-8.82%

Cash On Cash

4.61%

Cap Rate

0.77

DSCR

$2,291

Rent

-$446

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,291 income − $2,737 expenses = $446 out of pocket

Income$2,291Out of Pocket$446Mortgage P&I$1,44263%Property Taxes$59826%Insurance$1014%Management$22910%CapEx$1155%Vacancy$1376%Maintenance$1155%

Investment Breakdown

|

Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$60,690

Downpayment

20%

$57,800

Closing costs

1%

$2,890

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,291

Total Expenses

$2,737

Mortgage P&I

63%

$1,442

Property Taxes

26%

$598

Home Insurance

4%

$101

HOA

0%

$0

Property Management

10%

$229

CapEx

5%

$115

Vacancy

6%

$137

Maintenance

5%

$115

Other

0%

$0

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