REI Lense

REI Lense

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$1,912 (target)

2218 Sprague Ave, Royal Oak, MI 48067

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Long-Term investment with a projected -7.08% first-year return on $53,907 initial cash invested.

-7.08%

Cash On Cash

5.02%

Cap Rate

0.83

DSCR

$1,912

Rent

-$318

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,912 income − $2,230 expenses = $318 out of pocket

Income$1,912Out of Pocket$318Mortgage P&I$1,29668%Property Taxes$32817%Insurance$1086%Management$19110%CapEx$965%Vacancy$1156%Maintenance$965%

Investment Breakdown

|

Purchase Price

$257k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,907

Downpayment

20%

$51,340

Closing costs

1%

$2,567

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,912

Total Expenses

$2,230

Mortgage P&I

68%

$1,296

Property Taxes

17%

$328

Home Insurance

6%

$108

HOA

0%

$0

Property Management

10%

$191

CapEx

5%

$96

Vacancy

6%

$115

Maintenance

5%

$96

Other

0%

$0

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