REI Lense

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$1,270 (target)

1030 McKeighan Ave, Flint, MI 48507

3 beds • 2 baths • 1849 sqft

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This property looks like a bad Long-Term investment with a projected -0.89% first-year return on $28,329 initial cash invested.

-0.89%

Cash On Cash

7.01%

Cap Rate

1.06

DSCR

$1,270

Rent

-$21

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,270 income − $1,291 expenses = $21 out of pocket

Income$1,270Out of Pocket$21Mortgage P&I$74559%Property Taxes$16813%Insurance$474%Management$12710%CapEx$645%Vacancy$766%Maintenance$645%

Investment Breakdown

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Purchase Price

$135k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$28,329

Downpayment

20%

$26,980

Closing costs

1%

$1,349

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,270

Total Expenses

$1,291

Mortgage P&I

59%

$745

Property Taxes

13%

$168

Home Insurance

4%

$47

HOA

0%

$0

Property Management

10%

$127

CapEx

5%

$64

Vacancy

6%

$76

Maintenance

5%

$64

Other

0%

$0

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