REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

418 S Dorchester Ave, Royal Oak, MI 48067

4 beds • 2 baths • 1597 sqft

Email

This property might be a fair Airbnb investment with a projected 2.87% first-year return on $129k initial cash invested.

2.87%

Cash On Cash

7.34%

Cap Rate

1.22

DSCR

$6,272

Rent

$308

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$500k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$100,000

Closing costs

1%

$5,000

Rehab

0%

$0

Furnishing

5%

$24,000

Cashflow

Total Income

$6,272

Total Expenses

$5,964

Mortgage P&I

40%

$2,500

Property Taxes

4%

$278

Home Insurance

3%

$175

HOA

0%

$0

Property Management

15%

$941

CapEx

4%

$251

Vacancy

0%

$0

Maintenance

4%

$251

Other

25%

$1,568

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis