REI Lense

REI Lense

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$3,893 (target)

45011 Byrne Dr, Northville, MI 48167

3 beds • 3 baths • 2914 sqft

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This property looks like a bad Long-Term investment with a projected -13.01% first-year return on $122k initial cash invested.

-13.01%

Cash On Cash

3.77%

Cap Rate

0.62

DSCR

$3,893

Rent

-$1,320

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,893 income − $5,213 expenses = $1,320 out of pocket

Income$3,893Out of Pocket$1,320Mortgage P&I$2,94876%Property Taxes$1,04227%Insurance$2105%Management$38910%CapEx$1955%Vacancy$2346%Maintenance$1955%

Investment Breakdown

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Purchase Price

$580k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$116k

Closing costs

1%

$5,797

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,893

Total Expenses

$5,213

Mortgage P&I

76%

$2,948

Property Taxes

27%

$1,042

Home Insurance

5%

$210

HOA

0%

$0

Property Management

10%

$389

CapEx

5%

$195

Vacancy

6%

$234

Maintenance

5%

$195

Other

0%

$0

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