REI Lense

REI Lense

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$2,957 (target)

42738 Wimbleton Way, Novi, MI 48377

3 beds • 3 baths • 2117 sqft

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This property looks like a bad Long-Term investment with a projected -10.25% first-year return on $99,603 initial cash invested.

-10.25%

Cash On Cash

4.15%

Cap Rate

0.7

DSCR

$2,957

Rent

-$851

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,957 income − $3,808 expenses = $851 out of pocket

Income$2,957Out of Pocket$851Mortgage P&I$2,34579%Property Taxes$49917%Insurance$1686%HOA$271%Management$29610%CapEx$1485%Vacancy$1776%Maintenance$1485%

Investment Breakdown

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Purchase Price

$474k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,603

Downpayment

20%

$94,860

Closing costs

1%

$4,743

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,957

Total Expenses

$3,808

Mortgage P&I

79%

$2,345

Property Taxes

17%

$499

Home Insurance

6%

$168

HOA

1%

$27

Property Management

10%

$296

CapEx

5%

$148

Vacancy

6%

$177

Maintenance

5%

$148

Other

0%

$0

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