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$2,350 (target)

820 S Venoy Rd, Westland, MI 48186

3 beds • 2 baths • 999 sqft

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This property might be a fair Mid-Term investment with a projected 2.42% first-year return on $58,131 initial cash invested.

2.42%

Cash On Cash

7.78%

Cap Rate

1.21

DSCR

$2,350

Rent

$117

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,350 income − $2,233 expenses = $117 cash flow

Income$2,350Mortgage P&I$1,02844%Property Taxes$34415%Insurance$633%Management$28212%CapEx$944%Vacancy$703%Maintenance$944%Other$25811%Cash Flow$117

Investment Breakdown

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Purchase Price

$191k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$58,131

Downpayment

20%

$38,220

Closing costs

1%

$1,911

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,350

Total Expenses

$2,233

Mortgage P&I

44%

$1,028

Property Taxes

15%

$344

Home Insurance

3%

$63

HOA

0%

$0

Property Management

12%

$282

CapEx

4%

$94

Vacancy

3%

$70

Maintenance

4%

$94

Other

11%

$258

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