REI Lense

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$4,058 (target)

23737 Harvest Ct, Novi, MI 48375

3 beds • 2 baths • 1962 sqft

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This property looks like a bad Mid-Term investment with a projected -4.12% first-year return on $109k initial cash invested.

-4.12%

Cash On Cash

5.8%

Cap Rate

0.91

DSCR

$4,058

Rent

-$374

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,058 income − $4,432 expenses = $374 out of pocket

Income$4,058Out of Pocket$374Mortgage P&I$2,30257%Property Taxes$57214%Insurance$1664%HOA$13Management$48712%CapEx$1624%Vacancy$1223%Maintenance$1624%Other$44611%

Investment Breakdown

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Purchase Price

$433k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,520

Closing costs

1%

$4,326

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,058

Total Expenses

$4,432

Mortgage P&I

57%

$2,302

Property Taxes

14%

$572

Home Insurance

4%

$166

HOA

0%

$13

Property Management

12%

$487

CapEx

4%

$162

Vacancy

3%

$122

Maintenance

4%

$162

Other

11%

$446

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