REI Lense

REI Lense

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$2,437 (target)

634 S Vermont Ave, Royal Oak, MI 48067

3 beds • 2 baths • 1469 sqft

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This property looks like a bad Long-Term investment with a projected -5.87% first-year return on $68,229 initial cash invested.

-5.87%

Cash On Cash

5.9%

Cap Rate

0.88

DSCR

$2,437

Rent

-$334

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,437 income − $2,771 expenses = $334 out of pocket

Income$2,437Out of Pocket$334Mortgage P&I$1,80974%Property Taxes$2149%Insurance$1145%Management$24410%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,229

Downpayment

20%

$64,980

Closing costs

1%

$3,249

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,437

Total Expenses

$2,771

Mortgage P&I

74%

$1,809

Property Taxes

9%

$214

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$244

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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