REI Lense

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$1,746 (target)

1917 Bayberry Ln, Flint, MI 48507

3 beds • 2 baths • 1218 sqft

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This property might be a fair Mid-Term investment with a projected 9.45% first-year return on $43,179 initial cash invested.

9.45%

Cash On Cash

10.57%

Cap Rate

1.63

DSCR

$1,746

Rent

$340

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,746 income − $1,406 expenses = $340 cash flow

Income$1,746Mortgage P&I$64637%Property Taxes$1247%Insurance$422%Management$21012%CapEx$704%Vacancy$523%Maintenance$704%Other$19211%Cash Flow$340

Investment Breakdown

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Purchase Price

$120k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$43,179

Downpayment

20%

$23,980

Closing costs

1%

$1,199

Rehab

0%

$0

Furnishing

15%

$18,000

Cashflow

Total Income

$1,746

Total Expenses

$1,406

Mortgage P&I

37%

$646

Property Taxes

7%

$124

Home Insurance

2%

$42

HOA

0%

$0

Property Management

12%

$210

CapEx

4%

$70

Vacancy

3%

$52

Maintenance

4%

$70

Other

11%

$192

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