REI Lense

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$4,125 (target)

4306 Robinwood Ave, Royal Oak, MI 48073

3 beds • 2 baths • 2245 sqft

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This property looks like a bad Mid-Term investment with a projected -0.85% first-year return on $113k initial cash invested.

-0.85%

Cash On Cash

6.36%

Cap Rate

1.04

DSCR

$4,125

Rent

-$80

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,125 income − $4,205 expenses = $80 out of pocket

Income$4,125Out of Pocket$80Mortgage P&I$2,29956%Property Taxes$3458%Insurance$1584%Management$49512%CapEx$1654%Vacancy$1243%Maintenance$1654%Other$45411%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,125

Total Expenses

$4,205

Mortgage P&I

56%

$2,299

Property Taxes

8%

$345

Home Insurance

4%

$158

HOA

0%

$0

Property Management

12%

$495

CapEx

4%

$165

Vacancy

3%

$124

Maintenance

4%

$165

Other

11%

$454

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