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$3,885 (target)

1618 Ottawa Dr, Royal Oak, MI 48073

3 beds • 2 baths • 1924 sqft

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This property might be a fair Mid-Term investment with a projected 5.18% first-year return on $85,242 initial cash invested.

5.18%

Cash On Cash

8.36%

Cap Rate

1.31

DSCR

$3,885

Rent

$368

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,885 income − $3,517 expenses = $368 cash flow

Income$3,885Mortgage P&I$1,70744%Property Taxes$37310%Insurance$1173%Management$46612%CapEx$1554%Vacancy$1173%Maintenance$1554%Other$42711%Cash Flow$368

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,242

Downpayment

20%

$64,040

Closing costs

1%

$3,202

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,885

Total Expenses

$3,517

Mortgage P&I

44%

$1,707

Property Taxes

10%

$373

Home Insurance

3%

$117

HOA

0%

$0

Property Management

12%

$466

CapEx

4%

$155

Vacancy

3%

$117

Maintenance

4%

$155

Other

11%

$427

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