REI Lense

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$1,786 (target)

8601 Haller St, Westland, MI 48185

3 beds • 2 baths • 2069 sqft

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This property looks like a bad Long-Term investment with a projected -9.14% first-year return on $52,374 initial cash invested.

-9.14%

Cash On Cash

4.95%

Cap Rate

0.77

DSCR

$1,786

Rent

-$399

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,786 income − $2,185 expenses = $399 out of pocket

Income$1,786Out of Pocket$399Mortgage P&I$1,33975%Property Taxes$29517%Insurance$875%Management$17910%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$249k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,374

Downpayment

20%

$49,880

Closing costs

1%

$2,494

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,786

Total Expenses

$2,185

Mortgage P&I

75%

$1,339

Property Taxes

17%

$295

Home Insurance

5%

$87

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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