REI Lense

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$2,144 (target)

9428 Gillman St, Livonia, MI 48150

3 beds • 2 baths • 1026 sqft

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This property looks like a bad Long-Term investment with a projected -3.91% first-year return on $56,133 initial cash invested.

-3.91%

Cash On Cash

5.7%

Cap Rate

0.94

DSCR

$2,144

Rent

-$183

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,144 income − $2,327 expenses = $183 out of pocket

Income$2,144Out of Pocket$183Mortgage P&I$1,34663%Property Taxes$33015%Insurance$944%Management$21410%CapEx$1075%Vacancy$1296%Maintenance$1075%

Investment Breakdown

|

Purchase Price

$267k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,133

Downpayment

20%

$53,460

Closing costs

1%

$2,673

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,144

Total Expenses

$2,327

Mortgage P&I

63%

$1,346

Property Taxes

15%

$330

Home Insurance

4%

$94

HOA

0%

$0

Property Management

10%

$214

CapEx

5%

$107

Vacancy

6%

$129

Maintenance

5%

$107

Other

0%

$0

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