REI Lense

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$2,452 (target)

310 N Edgeworth Ave, Royal Oak, MI 48067

3 beds • 2 baths • 1769 sqft

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This property looks like a bad Long-Term investment with a projected -1.63% first-year return on $57,498 initial cash invested.

-1.63%

Cash On Cash

6.34%

Cap Rate

1.03

DSCR

$2,452

Rent

-$78

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,452 income − $2,530 expenses = $78 out of pocket

Income$2,452Out of Pocket$78Mortgage P&I$1,40257%Property Taxes$36415%Insurance$1265%Management$24510%CapEx$1235%Vacancy$1476%Maintenance$1235%

Investment Breakdown

|

Purchase Price

$274k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,498

Downpayment

20%

$54,760

Closing costs

1%

$2,738

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,452

Total Expenses

$2,530

Mortgage P&I

57%

$1,402

Property Taxes

15%

$364

Home Insurance

5%

$126

HOA

0%

$0

Property Management

10%

$245

CapEx

5%

$123

Vacancy

6%

$147

Maintenance

5%

$123

Other

0%

$0

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