REI Lense

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$1,959 (target)

32740 Grandview Ave, Westland, MI 48186

3 beds • 2 baths • 999 sqft

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This property looks like a bad Mid-Term investment with a projected -2.59% first-year return on $59,790 initial cash invested.

-2.59%

Cash On Cash

6.24%

Cap Rate

0.95

DSCR

$1,959

Rent

-$129

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,959 income − $2,088 expenses = $129 out of pocket

Income$1,959Out of Pocket$129Mortgage P&I$1,08655%Property Taxes$26714%Insurance$704%Management$23512%CapEx$784%Vacancy$593%Maintenance$784%Other$21511%

Investment Breakdown

|

Purchase Price

$199k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,790

Downpayment

20%

$39,800

Closing costs

1%

$1,990

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$1,959

Total Expenses

$2,088

Mortgage P&I

55%

$1,086

Property Taxes

14%

$267

Home Insurance

4%

$70

HOA

0%

$0

Property Management

12%

$235

CapEx

4%

$78

Vacancy

3%

$59

Maintenance

4%

$78

Other

11%

$215

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