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$3,213 (target)

3143 Prairie Ave, Royal Oak, MI 48073

3 beds • 2 baths • 1426 sqft

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This property might be a fair Mid-Term investment with a projected 0.56% first-year return on $89,421 initial cash invested.

0.56%

Cash On Cash

6.55%

Cap Rate

1.1

DSCR

$3,213

Rent

$42

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,213 income − $3,171 expenses = $42 cash flow

Income$3,213Mortgage P&I$1,68652%Property Taxes$2708%Insurance$1224%Management$38612%CapEx$1294%Vacancy$963%Maintenance$1294%Other$35311%Cash Flow$42

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,421

Downpayment

20%

$68,020

Closing costs

1%

$3,401

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,213

Total Expenses

$3,171

Mortgage P&I

52%

$1,686

Property Taxes

8%

$270

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$96

Maintenance

4%

$129

Other

11%

$353

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