REI Lense

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$3,886 (target)

4118 Devon Rd, Royal Oak, MI 48073

3 beds • 3 baths • 1400 sqft

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This property looks like a bad Mid-Term investment with a projected -2.59% first-year return on $99,690 initial cash invested.

-2.59%

Cash On Cash

5.79%

Cap Rate

0.97

DSCR

$3,886

Rent

-$215

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,886 income − $4,101 expenses = $215 out of pocket

Income$3,886Out of Pocket$215Mortgage P&I$1,93650%Property Taxes$70218%Insurance$1434%Management$46612%CapEx$1554%Vacancy$1173%Maintenance$1554%Other$42711%

Investment Breakdown

|

Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,690

Downpayment

20%

$77,800

Closing costs

1%

$3,890

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,886

Total Expenses

$4,101

Mortgage P&I

50%

$1,936

Property Taxes

18%

$702

Home Insurance

4%

$143

HOA

0%

$0

Property Management

12%

$466

CapEx

4%

$155

Vacancy

3%

$117

Maintenance

4%

$155

Other

11%

$427

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