REI Lense

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$1,226 (target)

1521 Mulberry Ln, Flint, MI 48507

3 beds • 2 baths • 1884 sqft

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This property could be a profitable Long-Term investment with a projected 13.09% first-year return on $19,887 initial cash invested.

13.09%

Cash On Cash

10.33%

Cap Rate

1.52

DSCR

$1,226

Rent

$217

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,226 income − $1,009 expenses = $217 cash flow

Income$1,226Mortgage P&I$53744%Property Taxes$1099%Insurance$444%Management$12310%CapEx$615%Vacancy$746%Maintenance$615%Cash Flow$217

Investment Breakdown

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Purchase Price

$94,700

Downpayment

20.0%

Interest Rate

7.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$19,887

Downpayment

20%

$18,940

Closing costs

1%

$947

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,226

Total Expenses

$1,009

Mortgage P&I

44%

$537

Property Taxes

9%

$109

Home Insurance

4%

$44

HOA

0%

$0

Property Management

10%

$123

CapEx

5%

$61

Vacancy

6%

$74

Maintenance

5%

$61

Other

0%

$0

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