REI Lense

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$1,819 (target)

397 Barchester St, Westland, MI 48186

3 beds • 2 baths • 1673 sqft

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This property looks like a bad Long-Term investment with a projected -10.01% first-year return on $55,860 initial cash invested.

-10.01%

Cash On Cash

4.99%

Cap Rate

0.75

DSCR

$1,819

Rent

-$466

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,819 income − $2,285 expenses = $466 out of pocket

Income$1,819Out of Pocket$466Mortgage P&I$1,48181%Property Taxes$23813%Insurance$935%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%

Investment Breakdown

|

Purchase Price

$266k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,860

Downpayment

20%

$53,200

Closing costs

1%

$2,660

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,819

Total Expenses

$2,285

Mortgage P&I

81%

$1,481

Property Taxes

13%

$238

Home Insurance

5%

$93

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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