REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

4240 Sheridan Dr, Royal Oak, MI 48073

3 beds • 3 baths • 2071 sqft

Email

This property looks like a bad Long-Term investment with a projected -1.99% first-year return on $110k initial cash invested.

-1.99%

Cash On Cash

5.97%

Cap Rate

1.01

DSCR

$4,270

Rent

-$182

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$522k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$104k

Closing costs

1%

$5,222

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,270

Total Expenses

$4,452

Mortgage P&I

60%

$2,565

Property Taxes

14%

$589

Home Insurance

4%

$187

HOA

0%

$0

Property Management

10%

$427

CapEx

5%

$214

Vacancy

6%

$256

Maintenance

5%

$214

Other

0%

$0

Loading map...

Comparable Property

Rent

Beds

Baths

SQFT

Distance

32239 Auburn Dr, Beverly Hills, MI 48025

$3,150

3

3

2002

0.4 mi

3604 Greenway Ave, Royal Oak, MI 48073

$2,600

3

3

2091

1.1 mi

3351 Cummings Ave, Royal Oak, MI 48073

$4,200

3

3

2174

0.9 mi

1308 Smith Ave, Birmingham, MI 48009

$3,500

3

2.5

2036

0.4 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis