REI Lense

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$2,240 (target)

33506 Carly Ct, Westland, MI 48186

3 beds • 3 baths • 1455 sqft

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This property looks like a bad Long-Term investment with a projected -13.06% first-year return on $71,022 initial cash invested.

-13.06%

Cash On Cash

3.6%

Cap Rate

0.61

DSCR

$2,240

Rent

-$773

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,240 income − $3,013 expenses = $773 out of pocket

Income$2,240Out of Pocket$773Mortgage P&I$1,67775%Property Taxes$57426%Insurance$1406%HOA$402%Management$22410%CapEx$1125%Vacancy$1346%Maintenance$1125%

Investment Breakdown

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Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,022

Downpayment

20%

$67,640

Closing costs

1%

$3,382

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,240

Total Expenses

$3,013

Mortgage P&I

75%

$1,677

Property Taxes

26%

$574

Home Insurance

6%

$140

HOA

2%

$40

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$134

Maintenance

5%

$112

Other

0%

$0

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