REI Lense

REI Lense

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$3,939 (target)

45411 Halston Ct, Novi, MI 48374

3 beds • 3 baths • 3278 sqft

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This property looks like a bad Long-Term investment with a projected -13.9% first-year return on $142k initial cash invested.

-13.9%

Cash On Cash

3.41%

Cap Rate

0.57

DSCR

$3,939

Rent

-$1,648

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,939 income − $5,587 expenses = $1,648 out of pocket

Income$3,939Out of Pocket$1,648Mortgage P&I$3,37586%Property Taxes$92523%Insurance$2296%HOA$341%Management$39410%CapEx$1975%Vacancy$2366%Maintenance$1975%

Investment Breakdown

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Purchase Price

$677k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$135k

Closing costs

1%

$6,774

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,939

Total Expenses

$5,587

Mortgage P&I

86%

$3,375

Property Taxes

23%

$925

Home Insurance

6%

$229

HOA

1%

$34

Property Management

10%

$394

CapEx

5%

$197

Vacancy

6%

$236

Maintenance

5%

$197

Other

0%

$0

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