REI Lense

REI Lense

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$2,185 (target)

35838 Canyon Dr, Westland, MI 48186

3 beds • 2 baths • 1452 sqft

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This property might be a fair Long-Term investment with a projected 0.16% first-year return on $50,967 initial cash invested.

0.16%

Cash On Cash

6.89%

Cap Rate

1.09

DSCR

$2,185

Rent

$7

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,185 income − $2,178 expenses = $7 cash flow

Income$2,185Mortgage P&I$1,27758%Property Taxes$25912%Insurance$753%Management$21810%CapEx$1095%Vacancy$1316%Maintenance$1095%Cash Flow$7

Investment Breakdown

|

Purchase Price

$243k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,967

Downpayment

20%

$48,540

Closing costs

1%

$2,427

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,185

Total Expenses

$2,178

Mortgage P&I

58%

$1,277

Property Taxes

12%

$259

Home Insurance

3%

$75

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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