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This property might be a fair Long-Term investment with a projected 1.54% first-year return on $63,189 initial cash invested.
1.54%
Cash On Cash
6.76%
Cap Rate
1.15
DSCR
$2,720
Rent
$81
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Investment Breakdown
|
Purchase Price
$301k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,189
Downpayment
20%
$60,180
Closing costs
1%
$3,009
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,720
Total Expenses
$2,639
Mortgage P&I
54%
$1,478
Property Taxes
13%
$344
Home Insurance
4%
$110
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0
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Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|
1508 Gardenia Ave, Royal Oak, MI 48067 | $3,375 | 3 | 2 | 1728 | 0.2 mi |
415 Helene Ave, Royal Oak, MI 48067 | $3,300 | 3 | 2 | 1784 | 0.7 mi |
806 N Altadena Ave, Royal Oak, MI 48067 | $2,700 | 3 | 2.5 | 1732 | 0.3 mi |
710 S Stephenson Hwy, Royal Oak, MI 48067 | $2,000 | 3 | 1.5 | 1817 | 1 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 |
Projection Charts
Investment Value YoY
Annualized Return
Investment projections and seasonality
CoC vs Downpayment
Investment projections and seasonality
CoC vs Purchase Price
Investment projections and seasonality