REI Lense

REI Lense

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$2,881 (target)

47040 Timberlane St, Northville, MI 48167

3 beds • 3 baths • 3011 sqft

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This property looks like a bad Long-Term investment with a projected -19.36% first-year return on $157k initial cash invested.

-19.36%

Cash On Cash

2.29%

Cap Rate

0.37

DSCR

$2,881

Rent

-$2,531

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,881 income − $5,412 expenses = $2,531 out of pocket

Income$2,881Out of Pocket$2,531Mortgage P&I$3,814132%Property Taxes$59020%Insurance$2599%Management$28810%CapEx$1445%Vacancy$1736%Maintenance$1445%

Investment Breakdown

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Purchase Price

$747k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$157k

Downpayment

20%

$149k

Closing costs

1%

$7,470

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,881

Total Expenses

$5,412

Mortgage P&I

132%

$3,814

Property Taxes

20%

$590

Home Insurance

9%

$259

HOA

0%

$0

Property Management

10%

$288

CapEx

5%

$144

Vacancy

6%

$173

Maintenance

5%

$144

Other

0%

$0

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