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$2,212 (target)

1819 Carmanbrook Pkwy, Flint, MI 48507

3 beds • 2 baths • 1300 sqft

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This property could be a profitable Mid-Term investment with a projected 16.1% first-year return on $43,221 initial cash invested.

16.1%

Cash On Cash

13.03%

Cap Rate

2.05

DSCR

$2,212

Rent

$580

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,212 income − $1,632 expenses = $580 cash flow

Income$2,212Mortgage P&I$63629%Property Taxes$2089%Insurance$382%Management$26512%CapEx$884%Vacancy$663%Maintenance$884%Other$24311%Cash Flow$580

Investment Breakdown

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Purchase Price

$120k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,221

Downpayment

20%

$24,020

Closing costs

1%

$1,201

Rehab

0%

$0

Furnishing

15%

$18,000

Cashflow

Total Income

$2,212

Total Expenses

$1,632

Mortgage P&I

29%

$636

Property Taxes

9%

$208

Home Insurance

2%

$38

HOA

0%

$0

Property Management

12%

$265

CapEx

4%

$88

Vacancy

3%

$66

Maintenance

4%

$88

Other

11%

$243

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