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1225 Cherokee Ave, Royal Oak, MI 48067

3 beds • 2 baths • 1355 sqft

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This property looks like a bad Long-Term investment with a projected -11.08% first-year return on $72,261 initial cash invested.

-11.08%

Cash On Cash

3.91%

Cap Rate

0.67

DSCR

$2,183

Rent

-$667

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$344k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,261

Downpayment

20%

$68,820

Closing costs

1%

$3,441

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,183

Total Expenses

$2,850

Mortgage P&I

77%

$1,679

Property Taxes

22%

$482

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$218

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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