REI Lense

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$2,599 (target)

3914 Edgeland Ave, Royal Oak, MI 48073

3 beds • 2 baths • 1697 sqft

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This property looks like a bad Long-Term investment with a projected -8.37% first-year return on $87,045 initial cash invested.

-8.37%

Cash On Cash

4.63%

Cap Rate

0.77

DSCR

$2,599

Rent

-$607

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,599 income − $3,206 expenses = $607 out of pocket

Income$2,599Out of Pocket$607Mortgage P&I$2,07780%Property Taxes$30912%Insurance$1446%Management$26010%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

|

Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,045

Downpayment

20%

$82,900

Closing costs

1%

$4,145

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,599

Total Expenses

$3,206

Mortgage P&I

80%

$2,077

Property Taxes

12%

$309

Home Insurance

6%

$144

HOA

0%

$0

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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