REI Lense

REI Lense

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$1,535 (target)

33494 Unicorn Ct, Westland, MI 48186

3 beds • 2 baths • 2098 sqft

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This property looks like a bad Long-Term investment with a projected -12.14% first-year return on $52,500 initial cash invested.

-12.14%

Cash On Cash

4.26%

Cap Rate

0.66

DSCR

$1,535

Rent

-$531

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,535 income − $2,066 expenses = $531 out of pocket

Income$1,535Out of Pocket$531Mortgage P&I$1,34287%Property Taxes$23615%Insurance$886%Management$15410%CapEx$775%Vacancy$926%Maintenance$775%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,535

Total Expenses

$2,066

Mortgage P&I

87%

$1,342

Property Taxes

15%

$236

Home Insurance

6%

$88

HOA

0%

$0

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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