REI Lense

REI Lense

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$2,649 (target)

2731 Crooks Rd, Royal Oak, MI 48073

3 beds • 2 baths • 2099 sqft

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This property looks like a bad Long-Term investment with a projected -10.21% first-year return on $85,008 initial cash invested.

-10.21%

Cash On Cash

4.18%

Cap Rate

0.7

DSCR

$2,649

Rent

-$723

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,649 income − $3,372 expenses = $723 out of pocket

Income$2,649Out of Pocket$723Mortgage P&I$2,00176%Property Taxes$53320%Insurance$1506%Management$26510%CapEx$1325%Vacancy$1596%Maintenance$1325%

Investment Breakdown

|

Purchase Price

$405k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,008

Downpayment

20%

$80,960

Closing costs

1%

$4,048

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,649

Total Expenses

$3,372

Mortgage P&I

76%

$2,001

Property Taxes

20%

$533

Home Insurance

6%

$150

HOA

0%

$0

Property Management

10%

$265

CapEx

5%

$132

Vacancy

6%

$159

Maintenance

5%

$132

Other

0%

$0

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