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$4,436 (target)

42738 Wimbleton Way, Novi, MI 48377

3 beds • 3 baths • 2117 sqft

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This property looks like a bad Mid-Term investment with a projected -1.12% first-year return on $118k initial cash invested.

-1.12%

Cash On Cash

6.1%

Cap Rate

1.03

DSCR

$4,436

Rent

-$110

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,436 income − $4,546 expenses = $110 out of pocket

Income$4,436Out of Pocket$110Mortgage P&I$2,34553%Property Taxes$49911%Insurance$1684%HOA$271%Management$53212%CapEx$1774%Vacancy$1333%Maintenance$1774%Other$48811%

Investment Breakdown

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Purchase Price

$474k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$94,860

Closing costs

1%

$4,743

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,436

Total Expenses

$4,546

Mortgage P&I

53%

$2,345

Property Taxes

11%

$499

Home Insurance

4%

$168

HOA

1%

$27

Property Management

12%

$532

CapEx

4%

$177

Vacancy

3%

$133

Maintenance

4%

$177

Other

11%

$488

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