REI Lense

REI Lense

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$4,258 (target)

29582 English Way, Novi, MI 48377

3 beds • 3 baths • 2754 sqft

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This property looks like a bad Mid-Term investment with a projected -4.49% first-year return on $128k initial cash invested.

-4.49%

Cash On Cash

5.4%

Cap Rate

0.88

DSCR

$4,258

Rent

-$480

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,258 income − $4,738 expenses = $480 out of pocket

Income$4,258Out of Pocket$480Mortgage P&I$2,67363%Property Taxes$40710%Insurance$1844%HOA$271%Management$51112%CapEx$1704%Vacancy$1283%Maintenance$1704%Other$46811%

Investment Breakdown

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Purchase Price

$525k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$105k

Closing costs

1%

$5,250

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,258

Total Expenses

$4,738

Mortgage P&I

63%

$2,673

Property Taxes

10%

$407

Home Insurance

4%

$184

HOA

1%

$27

Property Management

12%

$511

CapEx

4%

$170

Vacancy

3%

$128

Maintenance

4%

$170

Other

11%

$468

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