REI Lense

REI Lense

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$3,491 (target)

4407 Auburn Dr, Royal Oak, MI 48073

3 beds • 2 baths • 2567 sqft

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This property looks like a bad Long-Term investment with a projected -10.65% first-year return on $99,477 initial cash invested.

-10.65%

Cash On Cash

4.84%

Cap Rate

0.73

DSCR

$3,491

Rent

-$883

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,491 income − $4,374 expenses = $883 out of pocket

Income$3,491Out of Pocket$883Mortgage P&I$2,61775%Property Taxes$68120%Insurance$1685%Management$34910%CapEx$1755%Vacancy$2096%Maintenance$1755%

Investment Breakdown

|

Purchase Price

$474k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,477

Downpayment

20%

$94,740

Closing costs

1%

$4,737

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,491

Total Expenses

$4,374

Mortgage P&I

75%

$2,617

Property Taxes

20%

$681

Home Insurance

5%

$168

HOA

0%

$0

Property Management

10%

$349

CapEx

5%

$175

Vacancy

6%

$209

Maintenance

5%

$175

Other

0%

$0

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