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2103 N Main St, Royal Oak, MI 48073

3 beds • 2 baths • 1693 sqft

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This property looks like a bad Long-Term investment with a projected -14.01% first-year return on $77,616 initial cash invested.

-14.01%

Cash On Cash

3.24%

Cap Rate

0.55

DSCR

$2,016

Rent

-$906

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,616

Downpayment

20%

$73,920

Closing costs

1%

$3,696

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,016

Total Expenses

$2,922

Mortgage P&I

89%

$1,803

Property Taxes

23%

$454

Home Insurance

7%

$140

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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