REI Lense

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$3,168 (target)

37731 W Meadowhill Dr, Northville, MI 48167

3 beds • 3 baths • 2673 sqft

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This property looks like a bad Long-Term investment with a projected -11.37% first-year return on $102k initial cash invested.

-11.37%

Cash On Cash

3.94%

Cap Rate

0.66

DSCR

$3,168

Rent

-$964

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,168 income − $4,132 expenses = $964 out of pocket

Income$3,168Out of Pocket$964Mortgage P&I$2,39876%Property Taxes$71623%Insurance$1756%HOA$201%Management$31710%CapEx$1585%Vacancy$1906%Maintenance$1585%

Investment Breakdown

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Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$96,900

Closing costs

1%

$4,845

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,168

Total Expenses

$4,132

Mortgage P&I

76%

$2,398

Property Taxes

23%

$716

Home Insurance

6%

$175

HOA

1%

$20

Property Management

10%

$317

CapEx

5%

$158

Vacancy

6%

$190

Maintenance

5%

$158

Other

0%

$0

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