REI Lense

REI Lense

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$2,008 (target)

21381 Kipling St, Oak Park, MI 48237

3 beds • 2 baths • 1616 sqft

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This property looks like a bad Long-Term investment with a projected -7.71% first-year return on $46,200 initial cash invested.

-7.71%

Cash On Cash

5.56%

Cap Rate

0.84

DSCR

$2,008

Rent

-$297

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,008 income − $2,305 expenses = $297 out of pocket

Income$2,008Out of Pocket$297Mortgage P&I$1,21661%Property Taxes$49124%Insurance$774%Management$20110%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$220k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,200

Downpayment

20%

$44,000

Closing costs

1%

$2,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,008

Total Expenses

$2,305

Mortgage P&I

61%

$1,216

Property Taxes

24%

$491

Home Insurance

4%

$77

HOA

0%

$0

Property Management

10%

$201

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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