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This property looks like a bad Long-Term investment with a projected -11.93% first-year return on $66,465 initial cash invested.
-11.93%
Cash On Cash
3.81%
Cap Rate
0.65
DSCR
$2,190
Rent
-$661
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$317k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,465
Downpayment
20%
$63,300
Closing costs
1%
$3,165
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,190
Total Expenses
$2,851
Mortgage P&I
71%
$1,555
Property Taxes
28%
$621
Home Insurance
5%
$105
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$131
Maintenance
5%
$110
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
350 N Main St, Royal Oak, MI 48067 | $2,795 | 2 | 2 | 1294 | 1.1 mi |
2956 N Alexander Ave, Royal Oak, MI 48073 | $2,300 | 2 | 2 | 1129 | 1 mi |
306 Virginia Ave, Royal Oak, MI 48067 | $2,500 | 2 | 2 | 1115 | 0.9 mi |
217 Gardenia Ave, Royal Oak, MI 48067 | $2,395 | 2 | 1.5 | 1212 | 0.7 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