REI Lense

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$3,012 (target)

21381 Kipling St, Oak Park, MI 48237

3 beds • 2 baths • 1616 sqft

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This property might be a fair Mid-Term investment with a projected 3.85% first-year return on $64,200 initial cash invested.

3.85%

Cash On Cash

8.41%

Cap Rate

1.27

DSCR

$3,012

Rent

$206

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,012 income − $2,806 expenses = $206 cash flow

Income$3,012Mortgage P&I$1,21640%Property Taxes$49116%Insurance$773%Management$36112%CapEx$1204%Vacancy$903%Maintenance$1204%Other$33111%Cash Flow$206

Investment Breakdown

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Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,200

Downpayment

20%

$44,000

Closing costs

1%

$2,200

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,012

Total Expenses

$2,806

Mortgage P&I

40%

$1,216

Property Taxes

16%

$491

Home Insurance

3%

$77

HOA

0%

$0

Property Management

12%

$361

CapEx

4%

$120

Vacancy

3%

$90

Maintenance

4%

$120

Other

11%

$331

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