REI Lense

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$5,908 (target)

45411 Halston Ct, Novi, MI 48374

3 beds • 3 baths • 3278 sqft

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This property looks like a bad Mid-Term investment with a projected -4.96% first-year return on $160k initial cash invested.

-4.96%

Cash On Cash

5.22%

Cap Rate

0.87

DSCR

$5,908

Rent

-$663

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,908 income − $6,571 expenses = $663 out of pocket

Income$5,908Out of Pocket$663Mortgage P&I$3,37557%Property Taxes$92516%Insurance$2294%HOA$341%Management$70912%CapEx$2364%Vacancy$1773%Maintenance$2364%Other$65011%

Investment Breakdown

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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

$5,908

Total Expenses

$6,571

Mortgage P&I

57%

$3,375

Property Taxes

16%

$925

Home Insurance

4%

$229

HOA

1%

$34

Property Management

12%

$709

CapEx

4%

$236

Vacancy

3%

$177

Maintenance

4%

$236

Other

11%

$650

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