REI Lense

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$2,679 (target)

8601 Haller St, Westland, MI 48185

3 beds • 2 baths • 2069 sqft

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This property might be a fair Mid-Term investment with a projected 0.82% first-year return on $70,374 initial cash invested.

0.82%

Cash On Cash

7.19%

Cap Rate

1.12

DSCR

$2,679

Rent

$48

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,679 income − $2,631 expenses = $48 cash flow

Income$2,679Mortgage P&I$1,33950%Property Taxes$29511%Insurance$873%Management$32112%CapEx$1074%Vacancy$803%Maintenance$1074%Other$29511%Cash Flow$48

Investment Breakdown

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Purchase Price

$249k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,374

Downpayment

20%

$49,880

Closing costs

1%

$2,494

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,679

Total Expenses

$2,631

Mortgage P&I

50%

$1,339

Property Taxes

11%

$295

Home Insurance

3%

$87

HOA

0%

$0

Property Management

12%

$321

CapEx

4%

$107

Vacancy

3%

$80

Maintenance

4%

$107

Other

11%

$295

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