REI Lense

REI Lense

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$1,567 (target)

820 S Venoy Rd, Westland, MI 48186

3 beds • 2 baths • 999 sqft

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This property looks like a bad Long-Term investment with a projected -8.22% first-year return on $40,131 initial cash invested.

-8.22%

Cash On Cash

5.22%

Cap Rate

0.81

DSCR

$1,567

Rent

-$275

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,567 income − $1,842 expenses = $275 out of pocket

Income$1,567Out of Pocket$275Mortgage P&I$1,02866%Property Taxes$34422%Insurance$634%Management$15710%CapEx$785%Vacancy$946%Maintenance$785%

Investment Breakdown

|

Purchase Price

$191k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$40,131

Downpayment

20%

$38,220

Closing costs

1%

$1,911

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,567

Total Expenses

$1,842

Mortgage P&I

66%

$1,028

Property Taxes

22%

$344

Home Insurance

4%

$63

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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