REI Lense

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$2,591 (target)

4118 Devon Rd, Royal Oak, MI 48073

3 beds • 3 baths • 1400 sqft

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This property looks like a bad Long-Term investment with a projected -12.69% first-year return on $81,690 initial cash invested.

-12.69%

Cash On Cash

3.71%

Cap Rate

0.62

DSCR

$2,591

Rent

-$864

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,591 income − $3,455 expenses = $864 out of pocket

Income$2,591Out of Pocket$864Mortgage P&I$1,93675%Property Taxes$70227%Insurance$1436%Management$25910%CapEx$1305%Vacancy$1556%Maintenance$1305%

Investment Breakdown

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Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,690

Downpayment

20%

$77,800

Closing costs

1%

$3,890

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,591

Total Expenses

$3,455

Mortgage P&I

75%

$1,936

Property Taxes

27%

$702

Home Insurance

6%

$143

HOA

0%

$0

Property Management

10%

$259

CapEx

5%

$130

Vacancy

6%

$155

Maintenance

5%

$130

Other

0%

$0

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