REI Lense

REI Lense

Unlock all features! Tap here to upgrade

701 Millard Ave, Royal Oak, MI 48073

3 beds • 3 baths • 2094 sqft

Email

This property looks like a bad Airbnb investment with a projected -20.16% first-year return on $160k initial cash invested.

-20.16%

Cash On Cash

1.41%

Cap Rate

0.24

DSCR

$3,366

Rent

-$2,690

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,366 income − $6,056 expenses = $2,690 out of pocket

Income$3,366Out of Pocket$2,690Mortgage P&I$3,350100%Property Taxes$83925%Insurance$2507%Management$50515%CapEx$1354%Maintenance$1354%Other$84225%

Investment Breakdown

|

Purchase Price

$677k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$160k

Downpayment

20%

$135k

Closing costs

1%

$6,766

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,366

Total Expenses

$6,056

Mortgage P&I

100%

$3,350

Property Taxes

25%

$839

Home Insurance

7%

$250

HOA

0%

$0

Property Management

15%

$505

CapEx

4%

$135

Vacancy

0%

$0

Maintenance

4%

$135

Other

25%

$842

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis