REI Lense

REI Lense

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$3,285 (target)

2021 E Hudson Ave, Royal Oak, MI 48067

3 beds • 2 baths • 2663 sqft

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This property might be a fair Long-Term investment with a projected 0.54% first-year return on $71,379 initial cash invested.

0.54%

Cash On Cash

7.4%

Cap Rate

1.1

DSCR

$3,285

Rent

$32

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,285 income − $3,253 expenses = $32 cash flow

Income$3,285Mortgage P&I$1,90058%Property Taxes$38112%Insurance$1194%Management$32810%CapEx$1645%Vacancy$1976%Maintenance$1645%Cash Flow$32

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,379

Downpayment

20%

$67,980

Closing costs

1%

$3,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,285

Total Expenses

$3,253

Mortgage P&I

58%

$1,900

Property Taxes

12%

$381

Home Insurance

4%

$119

HOA

0%

$0

Property Management

10%

$328

CapEx

5%

$164

Vacancy

6%

$197

Maintenance

5%

$164

Other

0%

$0

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