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$3,530 (target)

24300 Seneca St, Oak Park, MI 48237

3 beds • 2 baths • 2231 sqft

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This property might be a fair Mid-Term investment with a projected 3.81% first-year return on $83,079 initial cash invested.

3.81%

Cash On Cash

7.66%

Cap Rate

1.26

DSCR

$3,530

Rent

$264

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,530 income − $3,266 expenses = $264 cash flow

Income$3,530Mortgage P&I$1,57345%Property Taxes$38511%Insurance$1083%Management$42412%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38811%Cash Flow$264

Investment Breakdown

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Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,079

Downpayment

20%

$61,980

Closing costs

1%

$3,099

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,530

Total Expenses

$3,266

Mortgage P&I

45%

$1,573

Property Taxes

11%

$385

Home Insurance

3%

$108

HOA

0%

$0

Property Management

12%

$424

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$388

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