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$3,974 (target)

2731 Crooks Rd, Royal Oak, MI 48073

3 beds • 2 baths • 2099 sqft

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This property looks like a bad Mid-Term investment with a projected -0.71% first-year return on $103k initial cash invested.

-0.71%

Cash On Cash

6.22%

Cap Rate

1.05

DSCR

$3,974

Rent

-$61

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,974 income − $4,035 expenses = $61 out of pocket

Income$3,974Out of Pocket$61Mortgage P&I$2,00150%Property Taxes$53313%Insurance$1504%Management$47712%CapEx$1594%Vacancy$1193%Maintenance$1594%Other$43711%

Investment Breakdown

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Purchase Price

$405k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,960

Closing costs

1%

$4,048

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,974

Total Expenses

$4,035

Mortgage P&I

50%

$2,001

Property Taxes

13%

$533

Home Insurance

4%

$150

HOA

0%

$0

Property Management

12%

$477

CapEx

4%

$159

Vacancy

3%

$119

Maintenance

4%

$159

Other

11%

$437

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