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$3,940 (target)

1017 Amelia Ave, Royal Oak, MI 48073

3 beds • 2 baths • 1957 sqft

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This property might be a fair Mid-Term investment with a projected 2.56% first-year return on $93,747 initial cash invested.

2.56%

Cash On Cash

7.25%

Cap Rate

1.2

DSCR

$3,940

Rent

$200

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,940 income − $3,740 expenses = $200 cash flow

Income$3,940Mortgage P&I$1,82246%Property Taxes$44811%Insurance$1303%Management$47312%CapEx$1584%Vacancy$1183%Maintenance$1584%Other$43311%Cash Flow$200

Investment Breakdown

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Purchase Price

$361k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,747

Downpayment

20%

$72,140

Closing costs

1%

$3,607

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,940

Total Expenses

$3,740

Mortgage P&I

46%

$1,822

Property Taxes

11%

$448

Home Insurance

3%

$130

HOA

0%

$0

Property Management

12%

$473

CapEx

4%

$158

Vacancy

3%

$118

Maintenance

4%

$158

Other

11%

$433

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