REI Lense

REI Lense

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$2,971 (target)

727 S Alexander Ave, Royal Oak, MI 48067

3 beds • 3 baths • 1911 sqft

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This property looks like a bad Long-Term investment with a projected -9.52% first-year return on $84,336 initial cash invested.

-9.52%

Cash On Cash

5.1%

Cap Rate

0.77

DSCR

$2,971

Rent

-$669

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,971 income − $3,640 expenses = $669 out of pocket

Income$2,971Out of Pocket$669Mortgage P&I$2,22675%Property Taxes$49617%Insurance$1455%Management$29710%CapEx$1495%Vacancy$1786%Maintenance$1495%

Investment Breakdown

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Purchase Price

$402k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,336

Downpayment

20%

$80,320

Closing costs

1%

$4,016

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,971

Total Expenses

$3,640

Mortgage P&I

75%

$2,226

Property Taxes

17%

$496

Home Insurance

5%

$145

HOA

0%

$0

Property Management

10%

$297

CapEx

5%

$149

Vacancy

6%

$178

Maintenance

5%

$149

Other

0%

$0

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