REI Lense

REI Lense

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$2,462 (target)

45071 Yorkshire Dr, Novi, MI 48375

3 beds • 2 baths • 2268 sqft

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This property looks like a bad Long-Term investment with a projected -15.25% first-year return on $98,112 initial cash invested.

-15.25%

Cash On Cash

3.1%

Cap Rate

0.52

DSCR

$2,462

Rent

-$1,247

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,462 income − $3,709 expenses = $1,247 out of pocket

Income$2,462Out of Pocket$1,247Mortgage P&I$2,33295%Property Taxes$58424%Insurance$1456%HOA$8Management$24610%CapEx$1235%Vacancy$1486%Maintenance$1235%

Investment Breakdown

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Purchase Price

$467k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,112

Downpayment

20%

$93,440

Closing costs

1%

$4,672

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,462

Total Expenses

$3,709

Mortgage P&I

95%

$2,332

Property Taxes

24%

$584

Home Insurance

6%

$145

HOA

0%

$8

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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