REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$4,063 (target)

22297 Hazelton Ct, Novi, MI 48374

3 beds • 5 baths • 3398 sqft

Email

This property looks like a bad Long-Term investment with a projected -15.21% first-year return on $171k initial cash invested.

-15.21%

Cash On Cash

3.05%

Cap Rate

0.51

DSCR

$4,063

Rent

-$2,173

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,063 income − $6,236 expenses = $2,173 out of pocket

Income$4,063Out of Pocket$2,173Mortgage P&I$4,04299%Property Taxes$79019%Insurance$2987%HOA$501%Management$40610%CapEx$2035%Vacancy$2446%Maintenance$2035%

Investment Breakdown

|

Purchase Price

$816k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$171k

Downpayment

20%

$163k

Closing costs

1%

$8,162

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,063

Total Expenses

$6,236

Mortgage P&I

99%

$4,042

Property Taxes

19%

$790

Home Insurance

7%

$298

HOA

1%

$50

Property Management

10%

$406

CapEx

5%

$203

Vacancy

6%

$244

Maintenance

5%

$203

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis