REI Lense

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23260 Oneida St, Oak Park, MI 48237

3 beds • 2 baths • 1817 sqft

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This property looks like a bad Airbnb investment with a projected -10.11% first-year return on $67,896 initial cash invested.

-10.11%

Cash On Cash

4.01%

Cap Rate

0.63

DSCR

$2,566

Rent

-$572

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$238k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,896

Downpayment

20%

$47,520

Closing costs

1%

$2,376

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,566

Total Expenses

$3,138

Mortgage P&I

49%

$1,263

Property Taxes

22%

$558

Home Insurance

3%

$84

HOA

0%

$0

Property Management

15%

$385

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$642

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