REI Lense

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$2,917 (target)

315 Midland Blvd, Royal Oak, MI 48073

3 beds • 2 baths • 1790 sqft

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This property looks like a bad Long-Term investment with a projected -4.07% first-year return on $75,516 initial cash invested.

-4.07%

Cash On Cash

5.78%

Cap Rate

0.94

DSCR

$2,917

Rent

-$256

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,917 income − $3,173 expenses = $256 out of pocket

Income$2,917Out of Pocket$256Mortgage P&I$1,84263%Property Taxes$44115%Insurance$1314%Management$29210%CapEx$1465%Vacancy$1756%Maintenance$1465%

Investment Breakdown

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Purchase Price

$360k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,516

Downpayment

20%

$71,920

Closing costs

1%

$3,596

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,917

Total Expenses

$3,173

Mortgage P&I

63%

$1,842

Property Taxes

15%

$441

Home Insurance

4%

$131

HOA

0%

$0

Property Management

10%

$292

CapEx

5%

$146

Vacancy

6%

$175

Maintenance

5%

$146

Other

0%

$0

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