REI Lense

REI Lense

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$2,210 (target)

3311 Ellwood Ave, Royal Oak, MI 48073

3 beds • 2 baths • 1497 sqft

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This property looks like a bad Long-Term investment with a projected -7.98% first-year return on $67,494 initial cash invested.

-7.98%

Cash On Cash

4.65%

Cap Rate

0.79

DSCR

$2,210

Rent

-$449

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,494

Downpayment

20%

$64,280

Closing costs

1%

$3,214

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,210

Total Expenses

$2,659

Mortgage P&I

72%

$1,584

Property Taxes

18%

$389

Home Insurance

5%

$112

HOA

0%

$0

Property Management

10%

$221

CapEx

5%

$110

Vacancy

6%

$133

Maintenance

5%

$110

Other

0%

$0

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