REI Lense

REI Lense

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$2,438 (target)

713 N Wilson Ave, Royal Oak, MI 48067

3 beds • 2 baths • 2405 sqft

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This property looks like a bad Long-Term investment with a projected -17.64% first-year return on $92,316 initial cash invested.

-17.64%

Cash On Cash

3.31%

Cap Rate

0.5

DSCR

$2,438

Rent

-$1,357

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,438 income − $3,795 expenses = $1,357 out of pocket

Income$2,438Out of Pocket$1,357Mortgage P&I$2,448100%Property Taxes$55523%Insurance$1586%Management$24410%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

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Purchase Price

$440k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,316

Downpayment

20%

$87,920

Closing costs

1%

$4,396

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,438

Total Expenses

$3,795

Mortgage P&I

100%

$2,448

Property Taxes

23%

$555

Home Insurance

6%

$158

HOA

0%

$0

Property Management

10%

$244

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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