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8025 Randy Dr, Westland, MI 48185

3 beds • 2 baths • 2073 sqft

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This property looks like a bad Mid-Term investment with a projected -4.81% first-year return on $68,883 initial cash invested.

-4.81%

Cash On Cash

5.4%

Cap Rate

0.86

DSCR

$2,326

Rent

-$276

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$242k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,883

Downpayment

20%

$48,460

Closing costs

1%

$2,423

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,326

Total Expenses

$2,602

Mortgage P&I

55%

$1,273

Property Taxes

19%

$452

Home Insurance

4%

$86

HOA

0%

$0

Property Management

12%

$279

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$256

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