REI Lense

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$2,868 (target)

2218 Sprague Ave, Royal Oak, MI 48067

3 beds • 2 baths • 1400 sqft

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This property might be a fair Mid-Term investment with a projected 2.69% first-year return on $71,907 initial cash invested.

2.69%

Cash On Cash

7.35%

Cap Rate

1.21

DSCR

$2,868

Rent

$161

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,868 income − $2,707 expenses = $161 cash flow

Income$2,868Mortgage P&I$1,29645%Property Taxes$32811%Insurance$1084%Management$34412%CapEx$1154%Vacancy$863%Maintenance$1154%Other$31511%Cash Flow$161

Investment Breakdown

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Purchase Price

$257k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,907

Downpayment

20%

$51,340

Closing costs

1%

$2,567

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,868

Total Expenses

$2,707

Mortgage P&I

45%

$1,296

Property Taxes

11%

$328

Home Insurance

4%

$108

HOA

0%

$0

Property Management

12%

$344

CapEx

4%

$115

Vacancy

3%

$86

Maintenance

4%

$115

Other

11%

$315

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