REI Lense

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$2,820 (target)

21920 Cloverlawn Ave, Oak Park, MI 48237

3 beds • 3 baths • 2100 sqft

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This property looks like a bad Mid-Term investment with a projected -0.92% first-year return on $83,100 initial cash invested.

-0.92%

Cash On Cash

6.58%

Cap Rate

1.03

DSCR

$2,820

Rent

-$64

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,820 income − $2,884 expenses = $64 out of pocket

Income$2,820Out of Pocket$64Mortgage P&I$1,65059%Property Taxes$1676%Insurance$1084%Management$33812%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31011%

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,100

Downpayment

20%

$62,000

Closing costs

1%

$3,100

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,820

Total Expenses

$2,884

Mortgage P&I

59%

$1,650

Property Taxes

6%

$167

Home Insurance

4%

$108

HOA

0%

$0

Property Management

12%

$338

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$310

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