REI Lense

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$2,166 (target)

20216 Rippling Ln, Northville, MI 48167

3 beds • 3 baths • 2289 sqft

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This property looks like a bad Long-Term investment with a projected -15.54% first-year return on $89,124 initial cash invested.

-15.54%

Cash On Cash

3.17%

Cap Rate

0.52

DSCR

$2,166

Rent

-$1,154

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,166 income − $3,320 expenses = $1,154 out of pocket

Income$2,166Out of Pocket$1,154Mortgage P&I$2,166100%Property Taxes$40719%Insurance$1848%Management$21710%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

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Purchase Price

$424k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,124

Downpayment

20%

$84,880

Closing costs

1%

$4,244

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,166

Total Expenses

$3,320

Mortgage P&I

100%

$2,166

Property Taxes

19%

$407

Home Insurance

8%

$184

HOA

0%

$0

Property Management

10%

$217

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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