REI Lense

REI Lense

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$2,402 (target)

124 Rexton St, Novi, MI 48377

3 beds • 3 baths • 2232 sqft

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This property looks like a bad Long-Term investment with a projected -17.2% first-year return on $95,109 initial cash invested.

-17.2%

Cash On Cash

2.67%

Cap Rate

0.45

DSCR

$2,402

Rent

-$1,363

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,402 income − $3,765 expenses = $1,363 out of pocket

Income$2,402Out of Pocket$1,363Mortgage P&I$2,25294%Property Taxes$74031%Insurance$1496%Management$24010%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

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Purchase Price

$453k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,109

Downpayment

20%

$90,580

Closing costs

1%

$4,529

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,402

Total Expenses

$3,765

Mortgage P&I

94%

$2,252

Property Taxes

31%

$740

Home Insurance

6%

$149

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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