REI Lense

REI Lense

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$2,273 (target)

14450 Northfield Blvd, Oak Park, MI 48237

3 beds • 3 baths • 3406 sqft

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This property looks like a bad Long-Term investment with a projected -9.32% first-year return on $57,666 initial cash invested.

-9.32%

Cash On Cash

5.28%

Cap Rate

0.78

DSCR

$2,273

Rent

-$448

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,273 income − $2,721 expenses = $448 out of pocket

Income$2,273Out of Pocket$448Mortgage P&I$1,54268%Property Taxes$52523%Insurance$633%Management$22710%CapEx$1145%Vacancy$1366%Maintenance$1145%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$57,666

Downpayment

20%

$54,920

Closing costs

1%

$2,746

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,273

Total Expenses

$2,721

Mortgage P&I

68%

$1,542

Property Taxes

23%

$525

Home Insurance

3%

$63

HOA

0%

$0

Property Management

10%

$227

CapEx

5%

$114

Vacancy

6%

$136

Maintenance

5%

$114

Other

0%

$0

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