REI Lense

REI Lense

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$1,164 (target)

1917 Bayberry Ln, Flint, MI 48507

3 beds • 2 baths • 1218 sqft

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This property might be a fair Long-Term investment with a projected 2.38% first-year return on $25,179 initial cash invested.

2.38%

Cash On Cash

7.55%

Cap Rate

1.17

DSCR

$1,164

Rent

$50

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,164 income − $1,114 expenses = $50 cash flow

Income$1,164Mortgage P&I$64655%Property Taxes$12411%Insurance$424%Management$11610%CapEx$585%Vacancy$706%Maintenance$585%Cash Flow$50

Investment Breakdown

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Purchase Price

$120k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$25,179

Downpayment

20%

$23,980

Closing costs

1%

$1,199

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,164

Total Expenses

$1,114

Mortgage P&I

56%

$646

Property Taxes

11%

$124

Home Insurance

4%

$42

HOA

0%

$0

Property Management

10%

$116

CapEx

5%

$58

Vacancy

6%

$70

Maintenance

5%

$58

Other

0%

$0

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