REI Lense

REI Lense

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$2,896 (target)

312 S Edgeworth Ave, Royal Oak, MI 48067

3 beds • 2 baths • 1711 sqft

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This property looks like a bad Mid-Term investment with a projected -7.36% first-year return on $99,333 initial cash invested.

-7.36%

Cash On Cash

4.46%

Cap Rate

0.75

DSCR

$2,896

Rent

-$609

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$387k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,333

Downpayment

20%

$77,460

Closing costs

1%

$3,873

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,896

Total Expenses

$3,505

Mortgage P&I

67%

$1,934

Property Taxes

15%

$447

Home Insurance

5%

$138

HOA

0%

$0

Property Management

12%

$348

CapEx

4%

$116

Vacancy

3%

$87

Maintenance

4%

$116

Other

11%

$319

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