REI Lense

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$2,628 (target)

2934 N Altadena Ave, Royal Oak, MI 48073

3 beds • 2 baths • 2155 sqft

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This property looks like a bad Long-Term investment with a projected -11.02% first-year return on $84,924 initial cash invested.

-11.02%

Cash On Cash

4.13%

Cap Rate

0.68

DSCR

$2,628

Rent

-$780

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,628 income − $3,408 expenses = $780 out of pocket

Income$2,628Out of Pocket$780Mortgage P&I$2,04178%Property Taxes$54021%Insurance$1445%Management$26310%CapEx$1315%Vacancy$1586%Maintenance$1315%

Investment Breakdown

|

Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,924

Downpayment

20%

$80,880

Closing costs

1%

$4,044

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,628

Total Expenses

$3,408

Mortgage P&I

78%

$2,041

Property Taxes

21%

$540

Home Insurance

5%

$144

HOA

0%

$0

Property Management

10%

$263

CapEx

5%

$131

Vacancy

6%

$158

Maintenance

5%

$131

Other

0%

$0

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