REI Lense

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$2,174 (target)

1407 Williamsburg Rd, Flint, MI 48507

3 beds • 2 baths • 1512 sqft

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This property looks like a bad Mid-Term investment with a projected -2.73% first-year return on $61,953 initial cash invested.

-2.73%

Cash On Cash

6.46%

Cap Rate

0.95

DSCR

$2,174

Rent

-$141

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,174 income − $2,315 expenses = $141 out of pocket

Income$2,174Out of Pocket$141Mortgage P&I$1,18054%Property Taxes$32215%Insurance$743%Management$26112%CapEx$874%Vacancy$653%Maintenance$874%Other$23911%

Investment Breakdown

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Purchase Price

$209k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,953

Downpayment

20%

$41,860

Closing costs

1%

$2,093

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,174

Total Expenses

$2,315

Mortgage P&I

54%

$1,180

Property Taxes

15%

$322

Home Insurance

3%

$74

HOA

0%

$0

Property Management

12%

$261

CapEx

4%

$87

Vacancy

3%

$65

Maintenance

4%

$87

Other

11%

$239

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