REI Lense

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$4,332 (target)

233 E Farnum Ave, Royal Oak, MI 48067

3 beds • 2 baths • 1616 sqft

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This property looks like a bad Mid-Term investment with a projected -1.75% first-year return on $112k initial cash invested.

-1.75%

Cash On Cash

6.02%

Cap Rate

1

DSCR

$4,332

Rent

-$163

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,332 income − $4,495 expenses = $163 out of pocket

Income$4,332Out of Pocket$163Mortgage P&I$2,23352%Property Taxes$61414%Insurance$1754%Management$52012%CapEx$1734%Vacancy$1303%Maintenance$1734%Other$47711%

Investment Breakdown

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Purchase Price

$447k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,480

Closing costs

1%

$4,474

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,332

Total Expenses

$4,495

Mortgage P&I

52%

$2,233

Property Taxes

14%

$614

Home Insurance

4%

$175

HOA

0%

$0

Property Management

12%

$520

CapEx

4%

$173

Vacancy

3%

$130

Maintenance

4%

$173

Other

11%

$477

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