REI Lense

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$1,863 (target)

34718 Cherry Hill Rd, Westland, MI 48185

3 beds • 2 baths • 2076 sqft

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This property looks like a bad Long-Term investment with a projected -0.75% first-year return on $44,751 initial cash invested.

-0.75%

Cash On Cash

6.68%

Cap Rate

1.06

DSCR

$1,863

Rent

-$28

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,863 income − $1,891 expenses = $28 out of pocket

Income$1,863Out of Pocket$28Mortgage P&I$1,12160%Property Taxes$20711%Insurance$794%Management$18610%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

|

Purchase Price

$213k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$44,751

Downpayment

20%

$42,620

Closing costs

1%

$2,131

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,863

Total Expenses

$1,891

Mortgage P&I

60%

$1,121

Property Taxes

11%

$207

Home Insurance

4%

$79

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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