REI Lense

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$2,353 (target)

24300 Seneca St, Oak Park, MI 48237

3 beds • 2 baths • 2231 sqft

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This property looks like a bad Long-Term investment with a projected -5.99% first-year return on $65,079 initial cash invested.

-5.99%

Cash On Cash

5.29%

Cap Rate

0.87

DSCR

$2,353

Rent

-$325

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,353 income − $2,678 expenses = $325 out of pocket

Income$2,353Out of Pocket$325Mortgage P&I$1,57367%Property Taxes$38516%Insurance$1085%Management$23510%CapEx$1185%Vacancy$1416%Maintenance$1185%

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,079

Downpayment

20%

$61,980

Closing costs

1%

$3,099

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,353

Total Expenses

$2,678

Mortgage P&I

67%

$1,573

Property Taxes

16%

$385

Home Insurance

5%

$108

HOA

0%

$0

Property Management

10%

$235

CapEx

5%

$118

Vacancy

6%

$141

Maintenance

5%

$118

Other

0%

$0

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