REI Lense

REI Lense

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$1,108 (target)

1817 Montclair Ave, Flint, MI 48503

3 beds • 2 baths • 1377 sqft

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This property looks like a bad Long-Term investment with a projected -7.84% first-year return on $30,618 initial cash invested.

-7.84%

Cash On Cash

5.08%

Cap Rate

0.81

DSCR

$1,108

Rent

-$200

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

$30,618

Downpayment

20%

$29,160

Closing costs

1%

$1,458

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,108

Total Expenses

$1,308

Mortgage P&I

69%

$762

Property Taxes

19%

$207

Home Insurance

5%

$52

HOA

0%

$0

Property Management

10%

$111

CapEx

5%

$55

Vacancy

6%

$66

Maintenance

5%

$55

Other

0%

$0

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