REI Lense

REI Lense

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$1,468 (target)

1158 W Reid Rd, Flint, MI 48507

3 beds • 2 baths • 1672 sqft

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This property looks like a bad Long-Term investment with a projected -8.89% first-year return on $49,266 initial cash invested.

-8.89%

Cash On Cash

4.5%

Cap Rate

0.75

DSCR

$1,468

Rent

-$365

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,468 income − $1,833 expenses = $365 out of pocket

Income$1,468Out of Pocket$365Mortgage P&I$1,17180%Property Taxes$18513%Insurance$967%Management$14710%CapEx$735%Vacancy$886%Maintenance$735%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,266

Downpayment

20%

$46,920

Closing costs

1%

$2,346

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,468

Total Expenses

$1,833

Mortgage P&I

80%

$1,171

Property Taxes

13%

$185

Home Insurance

7%

$96

HOA

0%

$0

Property Management

10%

$147

CapEx

5%

$73

Vacancy

6%

$88

Maintenance

5%

$73

Other

0%

$0

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