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$3,603 (target)

124 Rexton St, Novi, MI 48377

3 beds • 3 baths • 2232 sqft

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This property looks like a bad Mid-Term investment with a projected -8.08% first-year return on $113k initial cash invested.

-8.08%

Cash On Cash

4.33%

Cap Rate

0.73

DSCR

$3,603

Rent

-$762

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,603 income − $4,365 expenses = $762 out of pocket

Income$3,603Out of Pocket$762Mortgage P&I$2,25263%Property Taxes$74021%Insurance$1494%Management$43212%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39611%

Investment Breakdown

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Purchase Price

$453k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,580

Closing costs

1%

$4,529

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,603

Total Expenses

$4,365

Mortgage P&I

63%

$2,252

Property Taxes

21%

$740

Home Insurance

4%

$149

HOA

0%

$0

Property Management

12%

$432

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$396

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