REI Lense

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$2,202 (target)

1158 W Reid Rd, Flint, MI 48507

3 beds • 2 baths • 1672 sqft

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This property might be a fair Mid-Term investment with a projected 0.04% first-year return on $67,266 initial cash invested.

0.04%

Cash On Cash

6.45%

Cap Rate

1.08

DSCR

$2,202

Rent

$2

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,202 income − $2,200 expenses = $2 cash flow

Income$2,202Mortgage P&I$1,17153%Property Taxes$1858%Insurance$964%Management$26412%CapEx$884%Vacancy$663%Maintenance$884%Other$24211%Cash Flow$2

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,266

Downpayment

20%

$46,920

Closing costs

1%

$2,346

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,202

Total Expenses

$2,200

Mortgage P&I

53%

$1,171

Property Taxes

8%

$185

Home Insurance

4%

$96

HOA

0%

$0

Property Management

12%

$264

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$242

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