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$2,518 (target)

33670 Lacrosse St, Westland, MI 48185

3 beds • 2 baths • 1934 sqft

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This property might be a fair Mid-Term investment with a projected 1.86% first-year return on $66,300 initial cash invested.

1.86%

Cash On Cash

7.54%

Cap Rate

1.16

DSCR

$2,518

Rent

$103

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,518 income − $2,415 expenses = $103 cash flow

Income$2,518Mortgage P&I$1,24149%Property Taxes$2379%Insurance$803%Management$30212%CapEx$1014%Vacancy$763%Maintenance$1014%Other$27711%Cash Flow$103

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,300

Downpayment

20%

$46,000

Closing costs

1%

$2,300

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,518

Total Expenses

$2,415

Mortgage P&I

49%

$1,241

Property Taxes

9%

$237

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$302

CapEx

4%

$101

Vacancy

3%

$76

Maintenance

4%

$101

Other

11%

$277

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