REI Lense

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$3,698 (target)

4346 Mandalay Ave, Royal Oak, MI 48073

3 beds • 2 baths • 1350 sqft

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This property looks like a bad Mid-Term investment with a projected -2.72% first-year return on $99,207 initial cash invested.

-2.72%

Cash On Cash

6%

Cap Rate

0.96

DSCR

$3,698

Rent

-$225

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,698 income − $3,923 expenses = $225 out of pocket

Income$3,698Out of Pocket$225Mortgage P&I$2,00954%Property Taxes$48113%Insurance$1755%Management$44412%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40711%

Investment Breakdown

|

Purchase Price

$387k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,207

Downpayment

20%

$77,340

Closing costs

1%

$3,867

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,698

Total Expenses

$3,923

Mortgage P&I

54%

$2,009

Property Taxes

13%

$481

Home Insurance

5%

$175

HOA

0%

$0

Property Management

12%

$444

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$407

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