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$3,561 (target)

21951 Parklawn St, Oak Park, MI 48237

3 beds • 2 baths • 2073 sqft

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This property could be a profitable Mid-Term investment with a projected 14.74% first-year return on $66,678 initial cash invested.

14.74%

Cash On Cash

11.72%

Cap Rate

1.74

DSCR

$3,561

Rent

$819

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,561 income − $2,742 expenses = $819 cash flow

Income$3,561Mortgage P&I$1,30237%Property Taxes$1484%Insurance$822%Management$42712%CapEx$1424%Vacancy$1073%Maintenance$1424%Other$39211%Cash Flow$819

Investment Breakdown

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Purchase Price

$232k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,678

Downpayment

20%

$46,360

Closing costs

1%

$2,318

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,561

Total Expenses

$2,742

Mortgage P&I

37%

$1,302

Property Taxes

4%

$148

Home Insurance

2%

$82

HOA

0%

$0

Property Management

12%

$427

CapEx

4%

$142

Vacancy

3%

$107

Maintenance

4%

$142

Other

11%

$392

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