REI Lense

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$4,540 (target)

525 Langfield St, Northville, MI 48167

3 beds • 2 baths • 2610 sqft

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This property might be a fair Mid-Term investment with a projected 0.64% first-year return on $118k initial cash invested.

0.64%

Cash On Cash

6.71%

Cap Rate

1.1

DSCR

$4,540

Rent

$63

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,540 income − $4,477 expenses = $63 cash flow

Income$4,540Mortgage P&I$2,41153%Property Taxes$3568%Insurance$1664%Management$54512%CapEx$1824%Vacancy$1363%Maintenance$1824%Other$49911%Cash Flow$63

Investment Breakdown

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Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,000

Closing costs

1%

$4,750

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,540

Total Expenses

$4,477

Mortgage P&I

53%

$2,411

Property Taxes

8%

$356

Home Insurance

4%

$166

HOA

0%

$0

Property Management

12%

$545

CapEx

4%

$182

Vacancy

3%

$136

Maintenance

4%

$182

Other

11%

$499

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