REI Lense

REI Lense

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$2,859 (target)

14085 Lincoln St, Oak Park, MI 48237

3 beds • 2 baths • 1129 sqft

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This property looks like a bad Mid-Term investment with a projected -3.48% first-year return on $74,154 initial cash invested.

-3.48%

Cash On Cash

5.93%

Cap Rate

0.93

DSCR

$2,859

Rent

-$215

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$267k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,154

Downpayment

20%

$53,480

Closing costs

1%

$2,674

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,859

Total Expenses

$3,074

Mortgage P&I

50%

$1,423

Property Taxes

21%

$610

Home Insurance

2%

$70

HOA

0%

$0

Property Management

12%

$343

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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