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$2,667 (target)

805 S Carlson St, Westland, MI 48186

3 beds • 2 baths • 1100 sqft

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This property might be a fair Mid-Term investment with a projected 0.91% first-year return on $78,690 initial cash invested.

0.91%

Cash On Cash

6.61%

Cap Rate

1.12

DSCR

$2,667

Rent

$60

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,667 income − $2,607 expenses = $60 cash flow

Income$2,667Mortgage P&I$1,42653%Property Taxes$1736%Insurance$1014%Management$32012%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29311%Cash Flow$60

Investment Breakdown

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Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,690

Downpayment

20%

$57,800

Closing costs

1%

$2,890

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,667

Total Expenses

$2,607

Mortgage P&I

53%

$1,426

Property Taxes

6%

$173

Home Insurance

4%

$101

HOA

0%

$0

Property Management

12%

$320

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$293

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