REI Lense

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$3,360 (target)

33506 Carly Ct, Westland, MI 48186

3 beds • 3 baths • 1455 sqft

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This property looks like a bad Mid-Term investment with a projected -2.87% first-year return on $89,022 initial cash invested.

-2.87%

Cash On Cash

5.67%

Cap Rate

0.95

DSCR

$3,360

Rent

-$213

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,360 income − $3,573 expenses = $213 out of pocket

Income$3,360Out of Pocket$213Mortgage P&I$1,67750%Property Taxes$57417%Insurance$1404%HOA$401%Management$40312%CapEx$1344%Vacancy$1013%Maintenance$1344%Other$37011%

Investment Breakdown

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Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,022

Downpayment

20%

$67,640

Closing costs

1%

$3,382

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,360

Total Expenses

$3,573

Mortgage P&I

50%

$1,677

Property Taxes

17%

$574

Home Insurance

4%

$140

HOA

1%

$40

Property Management

12%

$403

CapEx

4%

$134

Vacancy

3%

$101

Maintenance

4%

$134

Other

11%

$370

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