REI Lense

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$2,839 (target)

29582 English Way, Novi, MI 48377

3 beds • 3 baths • 2754 sqft

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This property looks like a bad Long-Term investment with a projected -12.95% first-year return on $110k initial cash invested.

-12.95%

Cash On Cash

3.71%

Cap Rate

0.61

DSCR

$2,839

Rent

-$1,190

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,839 income − $4,029 expenses = $1,190 out of pocket

Income$2,839Out of Pocket$1,190Mortgage P&I$2,67394%Property Taxes$40714%Insurance$1846%HOA$271%Management$28410%CapEx$1425%Vacancy$1706%Maintenance$1425%

Investment Breakdown

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Purchase Price

$525k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$105k

Closing costs

1%

$5,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,839

Total Expenses

$4,029

Mortgage P&I

94%

$2,673

Property Taxes

14%

$407

Home Insurance

6%

$184

HOA

1%

$27

Property Management

10%

$284

CapEx

5%

$142

Vacancy

6%

$170

Maintenance

5%

$142

Other

0%

$0

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