REI Lense

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$3,945 (target)

3643 Noble Rd, Oxford, MI 48370

3 beds • 2 baths • 2524 sqft

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This property looks like a bad Mid-Term investment with a projected -6.24% first-year return on $122k initial cash invested.

-6.24%

Cash On Cash

4.9%

Cap Rate

0.81

DSCR

$3,945

Rent

-$633

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,945 income − $4,578 expenses = $633 out of pocket

Income$3,945Out of Pocket$633Mortgage P&I$2,49463%Property Taxes$56514%Insurance$1785%Management$47312%CapEx$1584%Vacancy$1183%Maintenance$1584%Other$43411%

Investment Breakdown

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Purchase Price

$494k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$98,840

Closing costs

1%

$4,942

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,945

Total Expenses

$4,578

Mortgage P&I

63%

$2,494

Property Taxes

14%

$565

Home Insurance

5%

$178

HOA

0%

$0

Property Management

12%

$473

CapEx

4%

$158

Vacancy

3%

$118

Maintenance

4%

$158

Other

11%

$434

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