REI Lense

REI Lense

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$3,288 (target)

3118 N Blair Ave, Royal Oak, MI 48073

3 beds • 3 baths • 2780 sqft

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This property looks like a bad Long-Term investment with a projected -11.38% first-year return on $97,944 initial cash invested.

-11.38%

Cash On Cash

4.64%

Cap Rate

0.7

DSCR

$3,288

Rent

-$929

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,288 income − $4,217 expenses = $929 out of pocket

Income$3,288Out of Pocket$929Mortgage P&I$2,56978%Property Taxes$63619%Insurance$1585%Management$32910%CapEx$1645%Vacancy$1976%Maintenance$1645%

Investment Breakdown

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Purchase Price

$466k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,944

Downpayment

20%

$93,280

Closing costs

1%

$4,664

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,288

Total Expenses

$4,217

Mortgage P&I

78%

$2,569

Property Taxes

19%

$636

Home Insurance

5%

$158

HOA

0%

$0

Property Management

10%

$329

CapEx

5%

$164

Vacancy

6%

$197

Maintenance

5%

$164

Other

0%

$0

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