REI Lense

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$1,865 (target)

8345 Rickie Ln, Westland, MI 48185

3 beds • 2 baths • 1624 sqft

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This property looks like a bad Long-Term investment with a projected -12.37% first-year return on $55,881 initial cash invested.

-12.37%

Cash On Cash

4.31%

Cap Rate

0.66

DSCR

$1,865

Rent

-$576

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,865 income − $2,441 expenses = $576 out of pocket

Income$1,865Out of Pocket$576Mortgage P&I$1,43977%Property Taxes$44124%Insurance$774%Management$18610%CapEx$935%Vacancy$1126%Maintenance$935%

Investment Breakdown

|

Purchase Price

$266k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,881

Downpayment

20%

$53,220

Closing costs

1%

$2,661

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,865

Total Expenses

$2,441

Mortgage P&I

77%

$1,439

Property Taxes

24%

$441

Home Insurance

4%

$77

HOA

0%

$0

Property Management

10%

$186

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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