REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$4,184 (target)

41981 Quince Dr, Novi, MI 48375

3 beds • 2 baths • 1647 sqft

Email

This property might be a fair Mid-Term investment with a projected 3.57% first-year return on $87,447 initial cash invested.

3.57%

Cash On Cash

7.67%

Cap Rate

1.25

DSCR

$4,184

Rent

$260

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,184 income − $3,924 expenses = $260 cash flow

Income$4,184Mortgage P&I$1,68840%Property Taxes$67716%Insurance$1353%HOA$2Management$50212%CapEx$1674%Vacancy$1263%Maintenance$1674%Other$46011%Cash Flow$260

Investment Breakdown

|

Purchase Price

$331k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,447

Downpayment

20%

$66,140

Closing costs

1%

$3,307

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,184

Total Expenses

$3,924

Mortgage P&I

40%

$1,688

Property Taxes

16%

$677

Home Insurance

3%

$135

HOA

0%

$2

Property Management

12%

$502

CapEx

4%

$167

Vacancy

3%

$126

Maintenance

4%

$167

Other

11%

$460

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis