REI Lense

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$4,932 (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 Mid-Term investment with a projected -1.12% first-year return on $116k initial cash invested.

-1.12%

Cash On Cash

6.84%

Cap Rate

1.03

DSCR

$4,932

Rent

-$108

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,932 income − $5,040 expenses = $108 out of pocket

Income$4,932Out of Pocket$108Mortgage P&I$2,56952%Property Taxes$63613%Insurance$1583%Management$59212%CapEx$1974%Vacancy$1483%Maintenance$1974%Other$54311%

Investment Breakdown

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Purchase Price

$466k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,280

Closing costs

1%

$4,664

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,932

Total Expenses

$5,040

Mortgage P&I

52%

$2,569

Property Taxes

13%

$636

Home Insurance

3%

$158

HOA

0%

$0

Property Management

12%

$592

CapEx

4%

$197

Vacancy

3%

$148

Maintenance

4%

$197

Other

11%

$543

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