REI Lense

REI Lense

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$1,662 (target)

1817 Montclair Ave, Flint, MI 48503

3 beds • 2 baths • 1377 sqft

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This property might be a fair Mid-Term investment with a projected 1.9% first-year return on $48,618 initial cash invested.

1.9%

Cash On Cash

7.45%

Cap Rate

1.19

DSCR

$1,662

Rent

$77

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$146k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,618

Downpayment

20%

$29,160

Closing costs

1%

$1,458

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$1,662

Total Expenses

$1,585

Mortgage P&I

46%

$762

Property Taxes

12%

$207

Home Insurance

3%

$52

HOA

0%

$0

Property Management

12%

$199

CapEx

4%

$66

Vacancy

3%

$50

Maintenance

4%

$66

Other

11%

$183

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