REI Lense

REI Lense

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$2,627 (target)

1017 Amelia Ave, Royal Oak, MI 48073

3 beds • 2 baths • 1957 sqft

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This property looks like a bad Long-Term investment with a projected -7.22% first-year return on $75,747 initial cash invested.

-7.22%

Cash On Cash

4.98%

Cap Rate

0.82

DSCR

$2,627

Rent

-$456

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,627 income − $3,083 expenses = $456 out of pocket

Income$2,627Out of Pocket$456Mortgage P&I$1,82269%Property Taxes$44817%Insurance$1305%Management$26310%CapEx$1315%Vacancy$1586%Maintenance$1315%

Investment Breakdown

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Purchase Price

$361k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,747

Downpayment

20%

$72,140

Closing costs

1%

$3,607

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,627

Total Expenses

$3,083

Mortgage P&I

69%

$1,822

Property Taxes

17%

$448

Home Insurance

5%

$130

HOA

0%

$0

Property Management

10%

$263

CapEx

5%

$131

Vacancy

6%

$158

Maintenance

5%

$131

Other

0%

$0

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