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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 Mid-Term investment with a projected -1.62% first-year return on $90,261 initial cash invested.

-1.62%

Cash On Cash

5.89%

Cap Rate

1.01

DSCR

$3,274

Rent

-$122

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

$90,261

Downpayment

20%

$68,820

Closing costs

1%

$3,441

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,274

Total Expenses

$3,396

Mortgage P&I

51%

$1,679

Property Taxes

15%

$482

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$393

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$360

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