REI Lense

REI Lense

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$2,223 (target)

23211 Rensselaer St, Oak Park, MI 48237

3 beds • 2 baths • 1438 sqft

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This property looks like a bad Long-Term investment with a projected -8.66% first-year return on $54,306 initial cash invested.

-8.66%

Cash On Cash

4.97%

Cap Rate

0.79

DSCR

$2,223

Rent

-$392

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,306

Downpayment

20%

$51,720

Closing costs

1%

$2,586

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,223

Total Expenses

$2,615

Mortgage P&I

61%

$1,353

Property Taxes

27%

$597

Home Insurance

4%

$88

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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