REI Lense

REI Lense

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$2,752 (target)

1210 Lyons Ave, Royal Oak, MI 48073

3 beds • 3 baths • 2466 sqft

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This property looks like a bad Long-Term investment with a projected -9.12% first-year return on $87,906 initial cash invested.

-9.12%

Cash On Cash

4.47%

Cap Rate

0.75

DSCR

$2,752

Rent

-$668

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,752 income − $3,420 expenses = $668 out of pocket

Income$2,752Out of Pocket$668Mortgage P&I$2,08976%Property Taxes$45416%Insurance$1616%Management$27510%CapEx$1385%Vacancy$1656%Maintenance$1385%

Investment Breakdown

|

Purchase Price

$419k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,906

Downpayment

20%

$83,720

Closing costs

1%

$4,186

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,752

Total Expenses

$3,420

Mortgage P&I

76%

$2,089

Property Taxes

17%

$454

Home Insurance

6%

$161

HOA

0%

$0

Property Management

10%

$275

CapEx

5%

$138

Vacancy

6%

$165

Maintenance

5%

$138

Other

0%

$0

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