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$4,928 (target)

2021 E Hudson Ave, Royal Oak, MI 48067

3 beds • 2 baths • 2663 sqft

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This property could be a profitable Mid-Term investment with a projected 11.45% first-year return on $89,379 initial cash invested.

11.45%

Cash On Cash

10.41%

Cap Rate

1.55

DSCR

$4,928

Rent

$853

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,928 income − $4,075 expenses = $853 cash flow

Income$4,928Mortgage P&I$1,90039%Property Taxes$3818%Insurance$1192%Management$59112%CapEx$1974%Vacancy$1483%Maintenance$1974%Other$54211%Cash Flow$853

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,379

Downpayment

20%

$67,980

Closing costs

1%

$3,399

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,928

Total Expenses

$4,075

Mortgage P&I

39%

$1,900

Property Taxes

8%

$381

Home Insurance

2%

$119

HOA

0%

$0

Property Management

12%

$591

CapEx

4%

$197

Vacancy

3%

$148

Maintenance

4%

$197

Other

11%

$542

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