REI Lense

REI Lense

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$1,504 (target)

6001 N Harvey St, Westland, MI 48185

3 beds • 2 baths • 1470 sqft

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This property looks like a bad Long-Term investment with a projected -4.6% first-year return on $37,590 initial cash invested.

-4.6%

Cash On Cash

6.33%

Cap Rate

0.93

DSCR

$1,504

Rent

-$144

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,504 income − $1,648 expenses = $144 out of pocket

Income$1,504Out of Pocket$144Mortgage P&I$1,01367%Property Taxes$18212%Insurance$634%Management$15010%CapEx$755%Vacancy$906%Maintenance$755%

Investment Breakdown

|

Purchase Price

$179k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$37,590

Downpayment

20%

$35,800

Closing costs

1%

$1,790

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,504

Total Expenses

$1,648

Mortgage P&I

67%

$1,013

Property Taxes

12%

$182

Home Insurance

4%

$63

HOA

0%

$0

Property Management

10%

$150

CapEx

5%

$75

Vacancy

6%

$90

Maintenance

5%

$75

Other

0%

$0

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