REI Lense

REI Lense

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$2,465 (target)

4346 Mandalay Ave, Royal Oak, MI 48073

3 beds • 2 baths • 1350 sqft

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This property looks like a bad Long-Term investment with a projected -12.41% first-year return on $81,207 initial cash invested.

-12.41%

Cash On Cash

4.01%

Cap Rate

0.64

DSCR

$2,465

Rent

-$840

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,465 income − $3,305 expenses = $840 out of pocket

Income$2,465Out of Pocket$840Mortgage P&I$2,00982%Property Taxes$48120%Insurance$1757%Management$24610%CapEx$1235%Vacancy$1486%Maintenance$1235%

Investment Breakdown

|

Purchase Price

$387k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,207

Downpayment

20%

$77,340

Closing costs

1%

$3,867

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,465

Total Expenses

$3,305

Mortgage P&I

82%

$2,009

Property Taxes

20%

$481

Home Insurance

7%

$175

HOA

0%

$0

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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