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$3,501 (target)

704 N Edison Ave, Royal Oak, MI 48067

3 beds • 2 baths • 1617 sqft

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This property might be a fair Mid-Term investment with a projected 1.35% first-year return on $89,589 initial cash invested.

1.35%

Cash On Cash

6.8%

Cap Rate

1.14

DSCR

$3,501

Rent

$101

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,501 income − $3,400 expenses = $101 cash flow

Income$3,501Mortgage P&I$1,69048%Property Taxes$40612%Insurance$1143%Management$42012%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38511%Cash Flow$101

Investment Breakdown

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Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,589

Downpayment

20%

$68,180

Closing costs

1%

$3,409

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,501

Total Expenses

$3,400

Mortgage P&I

48%

$1,690

Property Taxes

12%

$406

Home Insurance

3%

$114

HOA

0%

$0

Property Management

12%

$420

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$385

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