REI Lense

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$1,931 (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 Long-Term investment with a projected -16.1% first-year return on $81,333 initial cash invested.

-16.1%

Cash On Cash

2.91%

Cap Rate

0.49

DSCR

$1,931

Rent

-$1,091

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,931 income − $3,022 expenses = $1,091 out of pocket

Income$1,931Out of Pocket$1,091Mortgage P&I$1,934100%Property Taxes$44723%Insurance$1387%Management$19310%CapEx$975%Vacancy$1166%Maintenance$975%

Investment Breakdown

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Purchase Price

$387k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,333

Downpayment

20%

$77,460

Closing costs

1%

$3,873

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,931

Total Expenses

$3,022

Mortgage P&I

100%

$1,934

Property Taxes

23%

$447

Home Insurance

7%

$138

HOA

0%

$0

Property Management

10%

$193

CapEx

5%

$97

Vacancy

6%

$116

Maintenance

5%

$97

Other

0%

$0

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