REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,705 (target)

23737 Harvest Ct, Novi, MI 48375

3 beds • 2 baths • 1962 sqft

Email

This property looks like a bad Long-Term investment with a projected -13.87% first-year return on $90,846 initial cash invested.

-13.87%

Cash On Cash

3.85%

Cap Rate

0.6

DSCR

$2,705

Rent

-$1,050

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,705 income − $3,755 expenses = $1,050 out of pocket

Income$2,705Out of Pocket$1,050Mortgage P&I$2,30285%Property Taxes$57221%Insurance$1666%HOA$13Management$27010%CapEx$1355%Vacancy$1626%Maintenance$1355%

Investment Breakdown

|

Purchase Price

$433k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,846

Downpayment

20%

$86,520

Closing costs

1%

$4,326

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,705

Total Expenses

$3,755

Mortgage P&I

85%

$2,302

Property Taxes

21%

$572

Home Insurance

6%

$166

HOA

0%

$13

Property Management

10%

$270

CapEx

5%

$135

Vacancy

6%

$162

Maintenance

5%

$135

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis