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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 Mid-Term investment with a projected -12.14% first-year return on $188k initial cash invested.

-12.14%

Cash On Cash

3.43%

Cap Rate

0.57

DSCR

$4,692

Rent

-$1,904

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$811k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$188k

Downpayment

20%

$162k

Closing costs

1%

$8,105

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,692

Total Expenses

$6,596

Mortgage P&I

86%

$4,034

Property Taxes

14%

$668

Home Insurance

6%

$298

HOA

0%

$0

Property Management

12%

$563

CapEx

4%

$188

Vacancy

3%

$141

Maintenance

4%

$188

Other

11%

$516

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