REI Lense

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$3,172 (target)

21840 Kenosha St, Oak Park, MI 48237

3 beds • 2 baths • 2210 sqft

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This property looks like a bad Mid-Term investment with a projected -3.84% first-year return on $80,265 initial cash invested.

-3.84%

Cash On Cash

5.55%

Cap Rate

0.91

DSCR

$3,172

Rent

-$257

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,172 income − $3,429 expenses = $257 out of pocket

Income$3,172Out of Pocket$257Mortgage P&I$1,50247%Property Taxes$74724%Insurance$1013%Management$38112%CapEx$1274%Vacancy$953%Maintenance$1274%Other$34911%

Investment Breakdown

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Purchase Price

$297k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,265

Downpayment

20%

$59,300

Closing costs

1%

$2,965

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,172

Total Expenses

$3,429

Mortgage P&I

47%

$1,502

Property Taxes

24%

$747

Home Insurance

3%

$101

HOA

0%

$0

Property Management

12%

$381

CapEx

4%

$127

Vacancy

3%

$95

Maintenance

4%

$127

Other

11%

$349

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