REI Lense

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$3,027 (target)

525 Langfield St, Northville, MI 48167

3 beds • 2 baths • 2610 sqft

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This property looks like a bad Long-Term investment with a projected -8.34% first-year return on $99,750 initial cash invested.

-8.34%

Cash On Cash

4.72%

Cap Rate

0.78

DSCR

$3,027

Rent

-$693

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,027 income − $3,720 expenses = $693 out of pocket

Income$3,027Out of Pocket$693Mortgage P&I$2,41180%Property Taxes$35612%Insurance$1665%Management$30310%CapEx$1515%Vacancy$1826%Maintenance$1515%

Investment Breakdown

|

Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,750

Downpayment

20%

$95,000

Closing costs

1%

$4,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,027

Total Expenses

$3,720

Mortgage P&I

80%

$2,411

Property Taxes

12%

$356

Home Insurance

5%

$166

HOA

0%

$0

Property Management

10%

$303

CapEx

5%

$151

Vacancy

6%

$182

Maintenance

5%

$151

Other

0%

$0

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