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2656 Burnham Rd, Royal Oak, MI 48073

3 beds • 3 baths • 3153 sqft

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This property looks like a bad Long-Term investment with a projected -18.14% first-year return on $170k initial cash invested.

-18.14%

Cash On Cash

2.41%

Cap Rate

0.4

DSCR

$3,280

Rent

-$2,573

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$811k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$170k

Downpayment

20%

$162k

Closing costs

1%

$8,105

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,280

Total Expenses

$5,853

Mortgage P&I

123%

$4,034

Property Taxes

20%

$668

Home Insurance

9%

$298

HOA

0%

$0

Property Management

10%

$328

CapEx

5%

$164

Vacancy

6%

$197

Maintenance

5%

$164

Other

0%

$0

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Comparable Property

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3

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3

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2

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2

1

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0.9 mi

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5

4

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0.6 mi

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$1,100

2

1

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0.9 mi

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$2,850

5

4

3030

0.6 mi

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