REI Lense

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$5,135 (target)

16131 Winchester Dr, Northville, MI 48168

3 beds • 4 baths • 3195 sqft

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This property looks like a bad Long-Term investment with a projected -5.32% first-year return on $146k initial cash invested.

-5.32%

Cash On Cash

5.29%

Cap Rate

0.89

DSCR

$5,135

Rent

-$649

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,135 income − $5,784 expenses = $649 out of pocket

Income$5,135Out of Pocket$649Mortgage P&I$3,46768%Property Taxes$71614%Insurance$2284%HOA$371%Management$51410%CapEx$2575%Vacancy$3086%Maintenance$2575%

Investment Breakdown

|

Purchase Price

$697k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$146k

Downpayment

20%

$139k

Closing costs

1%

$6,973

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$5,135

Total Expenses

$5,784

Mortgage P&I

68%

$3,467

Property Taxes

14%

$716

Home Insurance

4%

$228

HOA

1%

$37

Property Management

10%

$514

CapEx

5%

$257

Vacancy

6%

$308

Maintenance

5%

$257

Other

0%

$0

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