REI Lense

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$2,192 (target)

1394 Hillside Dr, Flint, MI 48532

3 beds • 2 baths • 1346 sqft

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This property could be a profitable Mid-Term investment with a projected 12.61% first-year return on $43,956 initial cash invested.

12.61%

Cash On Cash

11.62%

Cap Rate

1.85

DSCR

$2,192

Rent

$462

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,192 income − $1,730 expenses = $462 cash flow

Income$2,192Mortgage P&I$64730%Property Taxes$29413%Insurance$432%Management$26312%CapEx$884%Vacancy$663%Maintenance$884%Other$24111%Cash Flow$462

Investment Breakdown

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Purchase Price

$124k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,956

Downpayment

20%

$24,720

Closing costs

1%

$1,236

Rehab

0%

$0

Furnishing

15%

$18,000

Cashflow

Total Income

$2,192

Total Expenses

$1,730

Mortgage P&I

30%

$647

Property Taxes

13%

$294

Home Insurance

2%

$43

HOA

0%

$0

Property Management

12%

$263

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$241

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