REI Lense

REI Lense

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Target property

45411 Halston Ct, Novi, MI 48374

3 beds • 3 baths • 3278 sqft

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This property looks like a bad Airbnb investment with a projected -34.17% first-year return on $160k initial cash invested.

-34.17%

Cash On Cash

-2.1%

Cap Rate

-0.35

DSCR

$0

Rent

-$4,563

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$0 income − $4,563 expenses = $4,563 out of pocket

Income$0Out of Pocket$4,563Mortgage P&I$3,375Property Taxes$925Insurance$229HOA$34

Investment Breakdown

|

Purchase Price

$677k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$160k

Downpayment

20%

$135k

Closing costs

1%

$6,774

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$0

Total Expenses

$4,563

Mortgage P&I

33750000%

$3,375

Property Taxes

9250000%

$925

Home Insurance

2290000%

$229

HOA

340000%

$34

Property Management

0%

$0

CapEx

0%

$0

Vacancy

0%

$0

Maintenance

0%

$0

Other

0%

$0

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