REI Lense

REI Lense

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$3,862 (target)

329 E Lawrence Ave, Royal Oak, MI 48073

3 beds • 2 baths • 1764 sqft

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This property might be a fair Mid-Term investment with a projected 4.5% first-year return on $90,639 initial cash invested.

4.5%

Cash On Cash

7.71%

Cap Rate

1.29

DSCR

$3,862

Rent

$340

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$346k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,639

Downpayment

20%

$69,180

Closing costs

1%

$3,459

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,862

Total Expenses

$3,522

Mortgage P&I

45%

$1,728

Property Taxes

9%

$360

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$463

CapEx

4%

$154

Vacancy

3%

$116

Maintenance

4%

$154

Other

11%

$425

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