REI Lense

REI Lense

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$4,120 (target)

9840 Currie Rd, Northville, MI 48167

3 beds • 2 baths • 2938 sqft

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This property might be a fair Mid-Term investment with a projected 0.1% first-year return on $112k initial cash invested.

0.1%

Cash On Cash

6.39%

Cap Rate

1.08

DSCR

$4,120

Rent

$9

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,780

Closing costs

1%

$4,489

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,120

Total Expenses

$4,111

Mortgage P&I

54%

$2,216

Property Taxes

7%

$305

Home Insurance

5%

$189

HOA

0%

$0

Property Management

12%

$494

CapEx

4%

$165

Vacancy

3%

$124

Maintenance

4%

$165

Other

11%

$453

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