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$3,942 (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 Mid-Term investment with a projected -1.45% first-year return on $103k initial cash invested.

-1.45%

Cash On Cash

6.16%

Cap Rate

1.02

DSCR

$3,942

Rent

-$124

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,942 income − $4,066 expenses = $124 out of pocket

Income$3,942Out of Pocket$124Mortgage P&I$2,04152%Property Taxes$54014%Insurance$1444%Management$47312%CapEx$1584%Vacancy$1183%Maintenance$1584%Other$43411%

Investment Breakdown

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Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,880

Closing costs

1%

$4,044

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,942

Total Expenses

$4,066

Mortgage P&I

52%

$2,041

Property Taxes

14%

$540

Home Insurance

4%

$144

HOA

0%

$0

Property Management

12%

$473

CapEx

4%

$158

Vacancy

3%

$118

Maintenance

4%

$158

Other

11%

$434

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