REI Lense

REI Lense

Unlock all features! Tap here to upgrade

42738 Wimbleton Way, Novi, MI 48377

3 beds • 3 baths • 2117 sqft

Email

This property looks like a bad Airbnb investment with a projected -13.95% first-year return on $118k initial cash invested.

-13.95%

Cash On Cash

2.8%

Cap Rate

0.47

DSCR

$3,217

Rent

-$1,367

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,217 income − $4,584 expenses = $1,367 out of pocket

Income$3,217Out of Pocket$1,367Mortgage P&I$2,34573%Property Taxes$49916%Insurance$1685%HOA$271%Management$48315%CapEx$1294%Maintenance$1294%Other$80425%

Investment Breakdown

|

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

$3,217

Total Expenses

$4,584

Mortgage P&I

73%

$2,345

Property Taxes

16%

$499

Home Insurance

5%

$168

HOA

1%

$27

Property Management

15%

$483

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$804

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis