REI Lense

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$3,567 (target)

1007 E 6th St, Royal Oak, MI 48067

3 beds • 2 baths • 1334 sqft

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This property looks like a bad Mid-Term investment with a projected -0.33% first-year return on $95,469 initial cash invested.

-0.33%

Cash On Cash

6.58%

Cap Rate

1.06

DSCR

$3,567

Rent

-$26

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,567 income − $3,593 expenses = $26 out of pocket

Income$3,567Out of Pocket$26Mortgage P&I$1,90653%Property Taxes$34310%Insurance$1314%Management$42812%CapEx$1434%Vacancy$1073%Maintenance$1434%Other$39211%

Investment Breakdown

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Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,469

Downpayment

20%

$73,780

Closing costs

1%

$3,689

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,567

Total Expenses

$3,593

Mortgage P&I

53%

$1,906

Property Taxes

10%

$343

Home Insurance

4%

$131

HOA

0%

$0

Property Management

12%

$428

CapEx

4%

$143

Vacancy

3%

$107

Maintenance

4%

$143

Other

11%

$392

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