REI Lense

REI Lense

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$1,945 (target)

22111 Gardner St, Oak Park, MI 48237

3 beds • 2 baths • 2155 sqft

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This property looks like a bad Long-Term investment with a projected -5.34% first-year return on $51,429 initial cash invested.

-5.34%

Cash On Cash

6.13%

Cap Rate

0.9

DSCR

$1,945

Rent

-$229

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,945 income − $2,174 expenses = $229 out of pocket

Income$1,945Out of Pocket$229Mortgage P&I$1,38371%Property Taxes$20010%Insurance$864%Management$19410%CapEx$975%Vacancy$1176%Maintenance$975%

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,429

Downpayment

20%

$48,980

Closing costs

1%

$2,449

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,945

Total Expenses

$2,174

Mortgage P&I

71%

$1,383

Property Taxes

10%

$200

Home Insurance

4%

$86

HOA

0%

$0

Property Management

10%

$194

CapEx

5%

$97

Vacancy

6%

$117

Maintenance

5%

$97

Other

0%

$0

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