REI Lense

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$2,302 (target)

33494 Unicorn Ct, Westland, MI 48186

3 beds • 2 baths • 2098 sqft

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This property looks like a bad Mid-Term investment with a projected -2.49% first-year return on $70,500 initial cash invested.

-2.49%

Cash On Cash

6.18%

Cap Rate

0.96

DSCR

$2,302

Rent

-$146

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,302 income − $2,448 expenses = $146 out of pocket

Income$2,302Out of Pocket$146Mortgage P&I$1,34258%Property Taxes$23610%Insurance$884%Management$27612%CapEx$924%Vacancy$693%Maintenance$924%Other$25311%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,302

Total Expenses

$2,448

Mortgage P&I

58%

$1,342

Property Taxes

10%

$236

Home Insurance

4%

$88

HOA

0%

$0

Property Management

12%

$276

CapEx

4%

$92

Vacancy

3%

$69

Maintenance

4%

$92

Other

11%

$253

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