REI Lense

REI Lense

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$3,896 (target)

1794 Norton Creek Ct, Wixom, MI 48393

3 beds • 3 baths • 1673 sqft

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This property might be a fair Mid-Term investment with a projected 0.34% first-year return on $101k initial cash invested.

0.34%

Cash On Cash

6.48%

Cap Rate

1.09

DSCR

$3,896

Rent

$29

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$398k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,500

Closing costs

1%

$3,975

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,896

Total Expenses

$3,867

Mortgage P&I

50%

$1,962

Property Taxes

10%

$408

Home Insurance

4%

$138

HOA

1%

$33

Property Management

12%

$468

CapEx

4%

$156

Vacancy

3%

$117

Maintenance

4%

$156

Other

11%

$429

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