REI Lense

REI Lense

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$3,294 (target)

41921 Tamara St, Novi, MI 48375

3 beds • 3 baths • 2296 sqft

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This property looks like a bad Long-Term investment with a projected -7.95% first-year return on $92,505 initial cash invested.

-7.95%

Cash On Cash

4.82%

Cap Rate

0.8

DSCR

$3,294

Rent

-$613

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,294 income − $3,907 expenses = $613 out of pocket

Income$3,294Out of Pocket$613Mortgage P&I$2,21767%Property Taxes$67621%Insurance$1575%Management$32910%CapEx$1655%Vacancy$1986%Maintenance$1655%

Investment Breakdown

|

Purchase Price

$441k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,505

Downpayment

20%

$88,100

Closing costs

1%

$4,405

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,294

Total Expenses

$3,907

Mortgage P&I

67%

$2,217

Property Taxes

21%

$676

Home Insurance

5%

$157

HOA

0%

$0

Property Management

10%

$329

CapEx

5%

$165

Vacancy

6%

$198

Maintenance

5%

$165

Other

0%

$0

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