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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 Mid-Term investment with a projected -5.05% first-year return on $95,616 initial cash invested.

-5.05%

Cash On Cash

4.94%

Cap Rate

0.84

DSCR

$3,024

Rent

-$402

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

$95,616

Downpayment

20%

$73,920

Closing costs

1%

$3,696

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,024

Total Expenses

$3,426

Mortgage P&I

60%

$1,803

Property Taxes

15%

$454

Home Insurance

5%

$140

HOA

0%

$0

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

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