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$2,738 (target)

13020 Oak Park Blvd, Oak Park, MI 48237

3 beds • 2 baths • 2147 sqft

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This property might be a fair Mid-Term investment with a projected 4.17% first-year return on $68,262 initial cash invested.

4.17%

Cash On Cash

8.37%

Cap Rate

1.26

DSCR

$2,738

Rent

$237

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,738 income − $2,501 expenses = $237 cash flow

Income$2,738Mortgage P&I$1,32248%Property Taxes$1636%Insurance$843%Management$32912%CapEx$1104%Vacancy$823%Maintenance$1104%Other$30111%Cash Flow$237

Investment Breakdown

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Purchase Price

$239k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,262

Downpayment

20%

$47,869

Closing costs

1%

$2,393

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,738

Total Expenses

$2,501

Mortgage P&I

48%

$1,322

Property Taxes

6%

$163

Home Insurance

3%

$84

HOA

0%

$0

Property Management

12%

$329

CapEx

4%

$110

Vacancy

3%

$82

Maintenance

4%

$110

Other

11%

$301

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