REI Lense

REI Lense

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$1,461 (target)

1394 Hillside Dr, Flint, MI 48532

3 beds • 2 baths • 1346 sqft

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This property might be a fair Long-Term investment with a projected 4.48% first-year return on $25,956 initial cash invested.

4.48%

Cash On Cash

7.93%

Cap Rate

1.26

DSCR

$1,461

Rent

$97

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,461 income − $1,364 expenses = $97 cash flow

Income$1,461Mortgage P&I$64744%Property Taxes$29420%Insurance$433%Management$14610%CapEx$735%Vacancy$886%Maintenance$735%Cash Flow$97

Investment Breakdown

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Purchase Price

$124k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$25,956

Downpayment

20%

$24,720

Closing costs

1%

$1,236

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,461

Total Expenses

$1,364

Mortgage P&I

44%

$647

Property Taxes

20%

$294

Home Insurance

3%

$43

HOA

0%

$0

Property Management

10%

$146

CapEx

5%

$73

Vacancy

6%

$88

Maintenance

5%

$73

Other

0%

$0

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