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$1,905 (target)

1030 McKeighan Ave, Flint, MI 48507

3 beds • 2 baths • 1849 sqft

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This property might be a fair Mid-Term investment with a projected 7.69% first-year return on $46,329 initial cash invested.

7.69%

Cash On Cash

9.95%

Cap Rate

1.5

DSCR

$1,905

Rent

$297

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,905 income − $1,608 expenses = $297 cash flow

Income$1,905Mortgage P&I$74539%Property Taxes$1689%Insurance$472%Management$22912%CapEx$764%Vacancy$573%Maintenance$764%Other$21011%Cash Flow$297

Investment Breakdown

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Purchase Price

$135k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,329

Downpayment

20%

$26,980

Closing costs

1%

$1,349

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$1,905

Total Expenses

$1,608

Mortgage P&I

39%

$745

Property Taxes

9%

$168

Home Insurance

2%

$47

HOA

0%

$0

Property Management

12%

$229

CapEx

4%

$76

Vacancy

3%

$57

Maintenance

4%

$76

Other

11%

$210

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