REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$3,933 (target)

404 Lexington Blvd, Royal Oak, MI 48073

3 beds • 3 baths • 2774 sqft

Email

This property looks like a bad Mid-Term investment with a projected -5.48% first-year return on $121k initial cash invested.

-5.48%

Cash On Cash

5.09%

Cap Rate

0.84

DSCR

$3,933

Rent

-$551

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,933 income − $4,484 expenses = $551 out of pocket

Income$3,933Out of Pocket$551Mortgage P&I$2,46863%Property Taxes$50813%Insurance$1714%Management$47212%CapEx$1574%Vacancy$1183%Maintenance$1574%Other$43311%

Investment Breakdown

|

Purchase Price

$489k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$97,800

Closing costs

1%

$4,890

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,933

Total Expenses

$4,484

Mortgage P&I

63%

$2,468

Property Taxes

13%

$508

Home Insurance

4%

$171

HOA

0%

$0

Property Management

12%

$472

CapEx

4%

$157

Vacancy

3%

$118

Maintenance

4%

$157

Other

11%

$433

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis