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$1,574 (target)

226 E Lakeview Ave, Flint, MI 48503

3 beds • 2 baths • 876 sqft

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This property could be a profitable Mid-Term investment with a projected 25.45% first-year return on $29,466 initial cash invested.

25.45%

Cash On Cash

21.85%

Cap Rate

3.25

DSCR

$1,574

Rent

$625

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,574 income − $949 expenses = $625 cash flow

Income$1,574Mortgage P&I$30619%Property Taxes$926%Insurance$161%Management$18912%CapEx$634%Vacancy$473%Maintenance$634%Other$17311%Cash Flow$625

Investment Breakdown

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Purchase Price

$54,600

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$29,466

Downpayment

20%

$10,920

Closing costs

1%

$546

Rehab

0%

$0

Furnishing

33%

$18,000

Cashflow

Total Income

$1,574

Total Expenses

$949

Mortgage P&I

19%

$306

Property Taxes

6%

$92

Home Insurance

1%

$16

HOA

0%

$0

Property Management

12%

$189

CapEx

4%

$63

Vacancy

3%

$47

Maintenance

4%

$63

Other

11%

$173

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