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$2,798 (target)

8345 Rickie Ln, Westland, MI 48185

3 beds • 2 baths • 1624 sqft

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This property looks like a bad Mid-Term investment with a projected -1.8% first-year return on $73,881 initial cash invested.

-1.8%

Cash On Cash

6.49%

Cap Rate

1

DSCR

$2,798

Rent

-$111

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,798 income − $2,909 expenses = $111 out of pocket

Income$2,798Out of Pocket$111Mortgage P&I$1,43951%Property Taxes$44116%Insurance$773%Management$33612%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30811%

Investment Breakdown

|

Purchase Price

$266k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,881

Downpayment

20%

$53,220

Closing costs

1%

$2,661

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,798

Total Expenses

$2,909

Mortgage P&I

51%

$1,439

Property Taxes

16%

$441

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$336

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$308

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