REI Lense

REI Lense

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$2,378 (target)

1035 N Vermont Ave, Royal Oak, MI 48067

3 beds • 2 baths • 2087 sqft

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This property looks like a bad Long-Term investment with a projected -12.39% first-year return on $90,300 initial cash invested.

-12.39%

Cash On Cash

4.12%

Cap Rate

0.65

DSCR

$2,378

Rent

-$932

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,378 income − $3,310 expenses = $932 out of pocket

Income$2,378Out of Pocket$932Mortgage P&I$2,29196%Property Taxes$25011%Insurance$1506%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

|

Purchase Price

$430k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,300

Downpayment

20%

$86,000

Closing costs

1%

$4,300

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,378

Total Expenses

$3,310

Mortgage P&I

96%

$2,291

Property Taxes

11%

$250

Home Insurance

6%

$150

HOA

0%

$0

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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