REI Lense

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$4,100 (target)

23499 Winthrop Ct, Novi, MI 48375

3 beds • 3 baths • 2654 sqft

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This property looks like a bad Mid-Term investment with a projected -4.77% first-year return on $124k initial cash invested.

-4.77%

Cash On Cash

5.17%

Cap Rate

0.87

DSCR

$4,100

Rent

-$491

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,100 income − $4,591 expenses = $491 out of pocket

Income$4,100Out of Pocket$491Mortgage P&I$2,49161%Property Taxes$51313%Insurance$1804%HOA$13Management$49212%CapEx$1644%Vacancy$1233%Maintenance$1644%Other$45111%

Investment Breakdown

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Purchase Price

$503k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,026

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,100

Total Expenses

$4,591

Mortgage P&I

61%

$2,491

Property Taxes

13%

$513

Home Insurance

4%

$180

HOA

0%

$13

Property Management

12%

$492

CapEx

4%

$164

Vacancy

3%

$123

Maintenance

4%

$164

Other

11%

$451

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