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$3,994 (target)

1216 W Windemere Ave, Royal Oak, MI 48073

3 beds • 3 baths • 1838 sqft

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This property looks like a bad Mid-Term investment with a projected -0.78% first-year return on $103k initial cash invested.

-0.78%

Cash On Cash

6.42%

Cap Rate

1.04

DSCR

$3,994

Rent

-$67

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,994 income − $4,061 expenses = $67 out of pocket

Income$3,994Out of Pocket$67Mortgage P&I$2,06852%Property Taxes$49012%Insurance$1454%Management$47912%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$43911%

Investment Breakdown

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Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,760

Closing costs

1%

$4,038

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,994

Total Expenses

$4,061

Mortgage P&I

52%

$2,068

Property Taxes

12%

$490

Home Insurance

4%

$145

HOA

0%

$0

Property Management

12%

$479

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$439

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