REI Lense

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$1,216 (target)

1118 Simcoe Ave, Flint, MI 48507

3 beds • 2 baths • 1160 sqft

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This property could be a profitable Long-Term investment with a projected 30.78% first-year return on $15,204 initial cash invested.

30.78%

Cash On Cash

13.57%

Cap Rate

2.23

DSCR

$1,216

Rent

$390

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,216 income − $826 expenses = $390 cash flow

Income$1,216Mortgage P&I$36830%Property Taxes$998%Insurance$423%Management$12210%CapEx$615%Vacancy$736%Maintenance$615%Cash Flow$390

Investment Breakdown

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Purchase Price

$72,400

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$15,204

Downpayment

20%

$14,480

Closing costs

1%

$724

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,216

Total Expenses

$826

Mortgage P&I

30%

$368

Property Taxes

8%

$99

Home Insurance

3%

$42

HOA

0%

$0

Property Management

10%

$122

CapEx

5%

$61

Vacancy

6%

$73

Maintenance

5%

$61

Other

0%

$0

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