REI Lense

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$2,918 (target)

22111 Gardner St, Oak Park, MI 48237

3 beds • 2 baths • 2155 sqft

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This property might be a fair Mid-Term investment with a projected 4.42% first-year return on $69,429 initial cash invested.

4.42%

Cash On Cash

8.6%

Cap Rate

1.27

DSCR

$2,918

Rent

$256

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,918 income − $2,662 expenses = $256 cash flow

Income$2,918Mortgage P&I$1,38347%Property Taxes$2007%Insurance$863%Management$35012%CapEx$1174%Vacancy$883%Maintenance$1174%Other$32111%Cash Flow$256

Investment Breakdown

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Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,429

Downpayment

20%

$48,980

Closing costs

1%

$2,449

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,918

Total Expenses

$2,662

Mortgage P&I

47%

$1,383

Property Taxes

7%

$200

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$350

CapEx

4%

$117

Vacancy

3%

$88

Maintenance

4%

$117

Other

11%

$321

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