REI Lense

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$7,702 (target)

16131 Winchester Dr, Northville, MI 48168

3 beds • 4 baths • 3195 sqft

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This property might be a fair Mid-Term investment with a projected 4.64% first-year return on $164k initial cash invested.

4.64%

Cash On Cash

7.59%

Cap Rate

1.27

DSCR

$7,702

Rent

$636

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,702 income − $7,066 expenses = $636 cash flow

Income$7,702Mortgage P&I$3,46745%Property Taxes$7169%Insurance$2283%HOA$37Management$92412%CapEx$3084%Vacancy$2313%Maintenance$3084%Other$84711%Cash Flow$636

Investment Breakdown

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Purchase Price

$697k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$164k

Downpayment

20%

$139k

Closing costs

1%

$6,973

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$7,702

Total Expenses

$7,066

Mortgage P&I

45%

$3,467

Property Taxes

9%

$716

Home Insurance

3%

$228

HOA

0%

$37

Property Management

12%

$924

CapEx

4%

$308

Vacancy

3%

$231

Maintenance

4%

$308

Other

11%

$847

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