33090 Forest Park Wayne, MI 48184
Updated 2-bedroom condo with modern amenities and spacious layout.
- Added:
- Jul 18, 2025
- Days on Market:
- 360
- Last Refresh:
- May 19 at 9:08 pm
Property Features for 33090 Forest Park
General Information
- Standard status
- Active
- Size
- 1,780 SF
- Property subtype
- Condominium
Building Details
- Year Built
- 2002
Listing office RE/MAX First (586) 792-8000
Listing date Jul 18, 2025
Source Kw
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX First
Investment Insights
Based on property information with market context.
Key Highlights
- Move‑in ready, updated 2 bedroom, 2.5 bath condominium with 1780 sq ft of living space.
- Features a vaulted ceiling in the great room with a gas fireplace and freshly painted deck.
- First‑floor laundry and 2‑car attached garage.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.0k | $17.40 |
| − Vacancy | −$1.8k | −$1.01 |
| EGI | $29.2k | $16.39 |
| − OpEx | −$13.1k | −$7.38 |
| NOI | $16.0k | $9.01 |
