REI Lense

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$1,863 (target)

2015 Gold Ave, Flint, MI 48503

3 beds • 2 baths • 1482 sqft

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This property might be a fair Mid-Term investment with a projected 5.59% first-year return on $47,421 initial cash invested.

5.59%

Cash On Cash

9.04%

Cap Rate

1.39

DSCR

$1,863

Rent

$221

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,863 income − $1,642 expenses = $221 cash flow

Income$1,863Mortgage P&I$76041%Property Taxes$19811%Insurance$493%Management$22412%CapEx$754%Vacancy$563%Maintenance$754%Other$20511%Cash Flow$221

Investment Breakdown

|

Purchase Price

$140k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,421

Downpayment

20%

$28,020

Closing costs

1%

$1,401

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$1,863

Total Expenses

$1,642

Mortgage P&I

41%

$760

Property Taxes

11%

$198

Home Insurance

3%

$49

HOA

0%

$0

Property Management

12%

$224

CapEx

4%

$75

Vacancy

3%

$56

Maintenance

4%

$75

Other

11%

$205

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