REI Lense

REI Lense

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$2,394 (target)

115 W Houstonia Ave, Royal Oak, MI 48073

3 beds • 2 baths • 1563 sqft

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This property looks like a bad Long-Term investment with a projected -7.91% first-year return on $71,274 initial cash invested.

-7.91%

Cash On Cash

4.81%

Cap Rate

0.8

DSCR

$2,394

Rent

-$470

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,394 income − $2,864 expenses = $470 out of pocket

Income$2,394Out of Pocket$470Mortgage P&I$1,71171%Property Taxes$41417%Insurance$1165%Management$23910%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,274

Downpayment

20%

$67,880

Closing costs

1%

$3,394

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,394

Total Expenses

$2,864

Mortgage P&I

71%

$1,711

Property Taxes

17%

$414

Home Insurance

5%

$116

HOA

0%

$0

Property Management

10%

$239

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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