REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,733 (target)

23499 Winthrop Ct, Novi, MI 48375

3 beds • 3 baths • 2654 sqft

Email

This property looks like a bad Long-Term investment with a projected -13.36% first-year return on $106k initial cash invested.

-13.36%

Cash On Cash

3.47%

Cap Rate

0.58

DSCR

$2,733

Rent

-$1,175

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,733 income − $3,908 expenses = $1,175 out of pocket

Income$2,733Out of Pocket$1,175Mortgage P&I$2,49191%Property Taxes$51319%Insurance$1807%HOA$13Management$27310%CapEx$1375%Vacancy$1646%Maintenance$1375%

Investment Breakdown

|

Purchase Price

$503k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,026

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,733

Total Expenses

$3,908

Mortgage P&I

91%

$2,491

Property Taxes

19%

$513

Home Insurance

7%

$180

HOA

0%

$13

Property Management

10%

$273

CapEx

5%

$137

Vacancy

6%

$164

Maintenance

5%

$137

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis