REI Lense

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$3,693 (target)

45071 Yorkshire Dr, Novi, MI 48375

3 beds • 2 baths • 2268 sqft

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This property looks like a bad Mid-Term investment with a projected -6.53% first-year return on $116k initial cash invested.

-6.53%

Cash On Cash

4.75%

Cap Rate

0.79

DSCR

$3,693

Rent

-$632

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,693 income − $4,325 expenses = $632 out of pocket

Income$3,693Out of Pocket$632Mortgage P&I$2,33263%Property Taxes$58416%Insurance$1454%HOA$8Management$44312%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40611%

Investment Breakdown

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Purchase Price

$467k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,440

Closing costs

1%

$4,672

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,693

Total Expenses

$4,325

Mortgage P&I

63%

$2,332

Property Taxes

16%

$584

Home Insurance

4%

$145

HOA

0%

$8

Property Management

12%

$443

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$406

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