REI Lense

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$1,726 (target)

35046 Nancy St, Westland, MI 48186

3 beds • 2 baths • 2130 sqft

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This property looks like a bad Long-Term investment with a projected -5.74% first-year return on $45,150 initial cash invested.

-5.74%

Cash On Cash

5.8%

Cap Rate

0.89

DSCR

$1,726

Rent

-$216

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,726 income − $1,942 expenses = $216 out of pocket

Income$1,726Out of Pocket$216Mortgage P&I$1,17068%Property Taxes$24814%Insurance$754%Management$17310%CapEx$865%Vacancy$1046%Maintenance$865%

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,150

Downpayment

20%

$43,000

Closing costs

1%

$2,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,726

Total Expenses

$1,942

Mortgage P&I

68%

$1,170

Property Taxes

14%

$248

Home Insurance

4%

$75

HOA

0%

$0

Property Management

10%

$173

CapEx

5%

$86

Vacancy

6%

$104

Maintenance

5%

$86

Other

0%

$0

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