REI Lense

REI Lense

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$1,249 (target)

1624 Wisconsin Ave, Flint, MI 48506

3 beds • 2 baths • 1924 sqft

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This property could be a profitable Long-Term investment with a projected 18.06% first-year return on $19,803 initial cash invested.

18.06%

Cash On Cash

10.68%

Cap Rate

1.75

DSCR

$1,249

Rent

$298

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$94,300

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$19,803

Downpayment

20%

$18,860

Closing costs

1%

$943

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,249

Total Expenses

$951

Mortgage P&I

38%

$479

Property Taxes

10%

$125

Home Insurance

2%

$23

HOA

0%

$0

Property Management

10%

$125

CapEx

5%

$62

Vacancy

6%

$75

Maintenance

5%

$62

Other

0%

$0

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