REI Lense

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$1,784 (target)

9370 Gillman St, Livonia, MI 48150

3 beds • 2 baths • 2116 sqft

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This property looks like a bad Long-Term investment with a projected -11.68% first-year return on $61,950 initial cash invested.

-11.68%

Cash On Cash

3.85%

Cap Rate

0.65

DSCR

$1,784

Rent

-$603

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,784 income − $2,387 expenses = $603 out of pocket

Income$1,784Out of Pocket$603Mortgage P&I$1,46082%Property Taxes$36120%Insurance$1036%Management$17810%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,784

Total Expenses

$2,387

Mortgage P&I

82%

$1,460

Property Taxes

20%

$361

Home Insurance

6%

$103

HOA

0%

$0

Property Management

10%

$178

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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