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$3,952 (target)

403 California Ave, Royal Oak, MI 48067

3 beds • 2 baths • 2124 sqft

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This property might be a fair Mid-Term investment with a projected 6.41% first-year return on $92,802 initial cash invested.

6.41%

Cash On Cash

8.17%

Cap Rate

1.37

DSCR

$3,952

Rent

$496

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,952 income − $3,456 expenses = $496 cash flow

Income$3,952Mortgage P&I$1,77245%Property Taxes$2145%Insurance$1263%Management$47412%CapEx$1584%Vacancy$1193%Maintenance$1584%Other$43511%Cash Flow$496

Investment Breakdown

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Purchase Price

$356k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,802

Downpayment

20%

$71,240

Closing costs

1%

$3,562

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,952

Total Expenses

$3,456

Mortgage P&I

45%

$1,772

Property Taxes

5%

$214

Home Insurance

3%

$126

HOA

0%

$0

Property Management

12%

$474

CapEx

4%

$158

Vacancy

3%

$119

Maintenance

4%

$158

Other

11%

$435

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