REI Lense

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$1,679 (target)

33670 Lacrosse St, Westland, MI 48185

3 beds • 2 baths • 1934 sqft

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This property looks like a bad Long-Term investment with a projected -7.85% first-year return on $48,300 initial cash invested.

-7.85%

Cash On Cash

5.26%

Cap Rate

0.81

DSCR

$1,679

Rent

-$316

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,679 income − $1,995 expenses = $316 out of pocket

Income$1,679Out of Pocket$316Mortgage P&I$1,24174%Property Taxes$23714%Insurance$805%Management$16810%CapEx$845%Vacancy$1016%Maintenance$845%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,300

Downpayment

20%

$46,000

Closing costs

1%

$2,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,679

Total Expenses

$1,995

Mortgage P&I

74%

$1,241

Property Taxes

14%

$237

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

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