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$2,589 (target)

35046 Nancy St, Westland, MI 48186

3 beds • 2 baths • 2130 sqft

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This property might be a fair Mid-Term investment with a projected 4.07% first-year return on $63,150 initial cash invested.

4.07%

Cash On Cash

8.31%

Cap Rate

1.27

DSCR

$2,589

Rent

$214

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,589 income − $2,375 expenses = $214 cash flow

Income$2,589Mortgage P&I$1,17045%Property Taxes$24810%Insurance$753%Management$31112%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28511%Cash Flow$214

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,150

Downpayment

20%

$43,000

Closing costs

1%

$2,150

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,589

Total Expenses

$2,375

Mortgage P&I

45%

$1,170

Property Taxes

10%

$248

Home Insurance

3%

$75

HOA

0%

$0

Property Management

12%

$311

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$285

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