REI Lense

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$2,824 (target)

46250 Bloomcrest Dr, Northville, MI 48167

3 beds • 2 baths • 1985 sqft

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This property looks like a bad Long-Term investment with a projected -17.36% first-year return on $126k initial cash invested.

-17.36%

Cash On Cash

2.72%

Cap Rate

0.45

DSCR

$2,824

Rent

-$1,819

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,824 income − $4,643 expenses = $1,819 out of pocket

Income$2,824Out of Pocket$1,819Mortgage P&I$3,035107%Property Taxes$65623%Insurance$2198%Management$28210%CapEx$1415%Vacancy$1696%Maintenance$1415%

Investment Breakdown

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Purchase Price

$599k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$5,986

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,824

Total Expenses

$4,643

Mortgage P&I

107%

$3,035

Property Taxes

23%

$656

Home Insurance

8%

$219

HOA

0%

$0

Property Management

10%

$282

CapEx

5%

$141

Vacancy

6%

$169

Maintenance

5%

$141

Other

0%

$0

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