REI Lense

REI Lense

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$6,504 (target)

728 S Pleasant St, Royal Oak, MI 48067

3 beds • 4 baths • 3300 sqft

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This property looks like a bad Mid-Term investment with a projected -6.05% first-year return on $195k initial cash invested.

-6.05%

Cash On Cash

4.83%

Cap Rate

0.82

DSCR

$6,504

Rent

-$982

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$842k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$195k

Downpayment

20%

$168k

Closing costs

1%

$8,417

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,504

Total Expenses

$7,486

Mortgage P&I

63%

$4,113

Property Taxes

14%

$887

Home Insurance

4%

$276

HOA

0%

$0

Property Management

12%

$780

CapEx

4%

$260

Vacancy

3%

$195

Maintenance

4%

$260

Other

11%

$715

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