REI Lense

REI Lense

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$1,200 (target)

1534 Berrywood Ln, Flint, MI 48507

3 beds • 2 baths • 1178 sqft

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This property might be a fair Long-Term investment with a projected 8.87% first-year return on $20,979 initial cash invested.

8.87%

Cash On Cash

8.67%

Cap Rate

1.42

DSCR

$1,200

Rent

$155

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$99,900

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$20,979

Downpayment

20%

$19,980

Closing costs

1%

$999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,200

Total Expenses

$1,045

Mortgage P&I

42%

$507

Property Taxes

16%

$191

Home Insurance

3%

$35

HOA

0%

$0

Property Management

10%

$120

CapEx

5%

$60

Vacancy

6%

$72

Maintenance

5%

$60

Other

0%

$0

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