REI Lense

REI Lense

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$2,913 (target)

21975 Meridian Ln, Novi, MI 48375

3 beds • 4 baths • 3668 sqft

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This property looks like a bad Long-Term investment with a projected -10.73% first-year return on $100k initial cash invested.

-10.73%

Cash On Cash

4.35%

Cap Rate

0.7

DSCR

$2,913

Rent

-$894

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,913 income − $3,807 expenses = $894 out of pocket

Income$2,913Out of Pocket$894Mortgage P&I$2,47485%Property Taxes$39914%Insurance$1636%HOA$13Management$29110%CapEx$1465%Vacancy$1756%Maintenance$1465%

Investment Breakdown

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Purchase Price

$476k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$95,260

Closing costs

1%

$4,763

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,913

Total Expenses

$3,807

Mortgage P&I

85%

$2,474

Property Taxes

14%

$399

Home Insurance

6%

$163

HOA

0%

$13

Property Management

10%

$291

CapEx

5%

$146

Vacancy

6%

$175

Maintenance

5%

$146

Other

0%

$0

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