REI Lense

REI Lense

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$2,374 (target)

21951 Parklawn St, Oak Park, MI 48237

3 beds • 2 baths • 2073 sqft

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This property might be a fair Long-Term investment with a projected 5.55% first-year return on $48,678 initial cash invested.

5.55%

Cash On Cash

8.52%

Cap Rate

1.26

DSCR

$2,374

Rent

$225

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,374 income − $2,149 expenses = $225 cash flow

Income$2,374Mortgage P&I$1,30255%Property Taxes$1486%Insurance$823%Management$23710%CapEx$1195%Vacancy$1426%Maintenance$1195%Cash Flow$225

Investment Breakdown

|

Purchase Price

$232k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,678

Downpayment

20%

$46,360

Closing costs

1%

$2,318

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,374

Total Expenses

$2,149

Mortgage P&I

55%

$1,302

Property Taxes

6%

$148

Home Insurance

3%

$82

HOA

0%

$0

Property Management

10%

$237

CapEx

5%

$119

Vacancy

6%

$142

Maintenance

5%

$119

Other

0%

$0

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