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This property looks like a bad Long-Term investment with a projected -10.34% first-year return on $81,711 initial cash invested.
-10.34%
Cash On Cash
4.11%
Cap Rate
0.7
DSCR
$2,510
Rent
-$704
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$389k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$81,711
Downpayment
20%
$77,820
Closing costs
1%
$3,891
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,510
Total Expenses
$3,214
Mortgage P&I
76%
$1,912
Property Taxes
20%
$510
Home Insurance
6%
$138
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
829 N Dorchester Ave, Royal Oak, MI 48067 | $3,450 | 3 | 2.5 | 2106 | 1.7 mi |
206 W Lawrence Ave, Royal Oak, MI 48073 | $2,499 | 3 | 2 | 1673 | 0.8 mi |
1508 Gardenia Ave, Royal Oak, MI 48067 | $3,375 | 3 | 2 | 1728 | 1.7 mi |
924 E Windemere Ave, Royal Oak, MI 48073 | $2,000 | 3 | 2 | 1491 | 0.2 mi |
104 W Rancho Del Cerro | $2,500 | 4 | 2 | 2380 | 1.3 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 0.9 mi | |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
1255 S Forest Knoll St | $1,100 | 2 | 1 | 2020 | 0.9 mi |
2022 S American St | $2,850 | 5 | 4 | 3030 | 0.6 mi |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality