REI Lense

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$3,334 (target)

23211 Rensselaer St, Oak Park, MI 48237

3 beds • 2 baths • 1438 sqft

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This property might be a fair Mid-Term investment with a projected 2.71% first-year return on $72,306 initial cash invested.

2.71%

Cash On Cash

7.65%

Cap Rate

1.22

DSCR

$3,334

Rent

$163

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

$72,306

Downpayment

20%

$51,720

Closing costs

1%

$2,586

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,334

Total Expenses

$3,171

Mortgage P&I

41%

$1,353

Property Taxes

18%

$597

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$400

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$367

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