REI Lense

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$1,800 (target)

1534 Berrywood Ln, Flint, MI 48507

3 beds • 2 baths • 1178 sqft

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This property could be a profitable Mid-Term investment with a projected 14.01% first-year return on $38,979 initial cash invested.

14.01%

Cash On Cash

12.42%

Cap Rate

2.04

DSCR

$1,800

Rent

$455

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

$38,979

Downpayment

20%

$19,980

Closing costs

1%

$999

Rehab

0%

$0

Furnishing

18%

$18,000

Cashflow

Total Income

$1,800

Total Expenses

$1,345

Mortgage P&I

28%

$507

Property Taxes

11%

$191

Home Insurance

2%

$35

HOA

0%

$0

Property Management

12%

$216

CapEx

4%

$72

Vacancy

3%

$54

Maintenance

4%

$72

Other

11%

$198

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