REI Lense

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$4,896 (target)

25390 Wixom Rd, Novi, MI 48374

3 beds • 3 baths • 3516 sqft

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This property might be a fair Mid-Term investment with a projected 3.63% first-year return on $97,422 initial cash invested.

3.63%

Cash On Cash

7.54%

Cap Rate

1.26

DSCR

$4,896

Rent

$295

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,896 income − $4,601 expenses = $295 cash flow

Income$4,896Mortgage P&I$1,88639%Property Taxes$83417%Insurance$1924%HOA$23Management$58812%CapEx$1964%Vacancy$1473%Maintenance$1964%Other$53911%Cash Flow$295

Investment Breakdown

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Purchase Price

$378k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,422

Downpayment

20%

$75,640

Closing costs

1%

$3,782

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,896

Total Expenses

$4,601

Mortgage P&I

39%

$1,886

Property Taxes

17%

$834

Home Insurance

4%

$192

HOA

0%

$23

Property Management

12%

$588

CapEx

4%

$196

Vacancy

3%

$147

Maintenance

4%

$196

Other

11%

$539

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