REI Lense

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$2,931 (target)

4685 Julius Blvd, Westland, MI 48186

3 beds • 2 baths • 1836 sqft

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This property might be a fair Mid-Term investment with a projected 7.35% first-year return on $63,150 initial cash invested.

7.35%

Cash On Cash

9.23%

Cap Rate

1.44

DSCR

$2,931

Rent

$387

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,931 income − $2,544 expenses = $387 cash flow

Income$2,931Mortgage P&I$1,15039%Property Taxes$32311%Insurance$753%Management$35212%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32211%Cash Flow$387

Investment Breakdown

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Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.0%

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

$2,931

Total Expenses

$2,544

Mortgage P&I

39%

$1,150

Property Taxes

11%

$323

Home Insurance

3%

$75

HOA

0%

$0

Property Management

12%

$352

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$322

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