REI Lense

REI Lense

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$1,632 (target)

1901 Montclair Ave, Flint, MI 48503

3 beds • 2 baths • 2222 sqft

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This property looks like a bad Long-Term investment with a projected -13.93% first-year return on $47,817 initial cash invested.

-13.93%

Cash On Cash

4.25%

Cap Rate

0.63

DSCR

$1,632

Rent

-$555

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,632 income − $2,187 expenses = $555 out of pocket

Income$1,632Out of Pocket$555Mortgage P&I$1,27978%Property Taxes$40325%Insurance$805%Management$16310%CapEx$825%Vacancy$986%Maintenance$825%

Investment Breakdown

|

Purchase Price

$228k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,817

Downpayment

20%

$45,540

Closing costs

1%

$2,277

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,632

Total Expenses

$2,187

Mortgage P&I

78%

$1,279

Property Taxes

25%

$403

Home Insurance

5%

$80

HOA

0%

$0

Property Management

10%

$163

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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