REI Lense

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$1,349 (target)

1333 Hidden Oaks Ct, Flint, MI 48507

3 beds • 2 baths • 1493 sqft

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This property looks like a bad Long-Term investment with a projected -11.32% first-year return on $45,150 initial cash invested.

-11.32%

Cash On Cash

4.43%

Cap Rate

0.69

DSCR

$1,349

Rent

-$426

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,349 income − $1,775 expenses = $426 out of pocket

Income$1,349Out of Pocket$426Mortgage P&I$1,15385%Property Taxes$19715%Insurance$756%Management$13510%CapEx$675%Vacancy$816%Maintenance$675%

Investment Breakdown

|

Purchase Price

$215k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$45,150

Downpayment

20%

$43,000

Closing costs

1%

$2,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,349

Total Expenses

$1,775

Mortgage P&I

85%

$1,153

Property Taxes

15%

$197

Home Insurance

6%

$75

HOA

0%

$0

Property Management

10%

$135

CapEx

5%

$67

Vacancy

6%

$81

Maintenance

5%

$67

Other

0%

$0

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