REI Lense

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$4,370 (target)

21975 Meridian Ln, Novi, MI 48375

3 beds • 4 baths • 3668 sqft

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This property looks like a bad Mid-Term investment with a projected -1.68% first-year return on $118k initial cash invested.

-1.68%

Cash On Cash

6.26%

Cap Rate

1

DSCR

$4,370

Rent

-$165

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,370 income − $4,535 expenses = $165 out of pocket

Income$4,370Out of Pocket$165Mortgage P&I$2,47457%Property Taxes$3999%Insurance$1634%HOA$13Management$52412%CapEx$1754%Vacancy$1313%Maintenance$1754%Other$48111%

Investment Breakdown

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Purchase Price

$476k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,260

Closing costs

1%

$4,763

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,370

Total Expenses

$4,535

Mortgage P&I

57%

$2,474

Property Taxes

9%

$399

Home Insurance

4%

$163

HOA

0%

$13

Property Management

12%

$524

CapEx

4%

$175

Vacancy

3%

$131

Maintenance

4%

$175

Other

11%

$481

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