REI Lense

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$3,182 (target)

33853 Avondale St, Westland, MI 48186

3 beds • 2 baths • 2235 sqft

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This property looks like a bad Mid-Term investment with a projected -1.07% first-year return on $84,423 initial cash invested.

-1.07%

Cash On Cash

6.82%

Cap Rate

1.03

DSCR

$3,182

Rent

-$75

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,182 income − $3,257 expenses = $75 out of pocket

Income$3,182Out of Pocket$75Mortgage P&I$1,74655%Property Taxes$30410%Insurance$1264%Management$38212%CapEx$1274%Vacancy$953%Maintenance$1274%Other$35011%

Investment Breakdown

|

Purchase Price

$316k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,423

Downpayment

20%

$63,260

Closing costs

1%

$3,163

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,182

Total Expenses

$3,257

Mortgage P&I

55%

$1,746

Property Taxes

10%

$304

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$382

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$350

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