REI Lense

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$3,657 (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 Mid-Term investment with a projected -8.13% first-year return on $110k initial cash invested.

-8.13%

Cash On Cash

5.04%

Cap Rate

0.75

DSCR

$3,657

Rent

-$747

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,657 income − $4,404 expenses = $747 out of pocket

Income$3,657Out of Pocket$747Mortgage P&I$2,44867%Property Taxes$55515%Insurance$1584%Management$43912%CapEx$1464%Vacancy$1103%Maintenance$1464%Other$40211%

Investment Breakdown

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Purchase Price

$440k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,920

Closing costs

1%

$4,396

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,657

Total Expenses

$4,404

Mortgage P&I

67%

$2,448

Property Taxes

15%

$555

Home Insurance

4%

$158

HOA

0%

$0

Property Management

12%

$439

CapEx

4%

$146

Vacancy

3%

$110

Maintenance

4%

$146

Other

11%

$402

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