REI Lense

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$1,543 (target)

2275 Lincoln Manor Dr, Flint, MI 48507

3 beds • 2 baths • 1165 sqft

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This property looks like a bad Long-Term investment with a projected -9.53% first-year return on $42,945 initial cash invested.

-9.53%

Cash On Cash

4.96%

Cap Rate

0.76

DSCR

$1,543

Rent

-$341

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,543 income − $1,884 expenses = $341 out of pocket

Income$1,543Out of Pocket$341Mortgage P&I$1,10972%Property Taxes$30220%Insurance$725%Management$15410%CapEx$775%Vacancy$936%Maintenance$775%

Investment Breakdown

|

Purchase Price

$205k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,945

Downpayment

20%

$40,900

Closing costs

1%

$2,045

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,543

Total Expenses

$1,884

Mortgage P&I

72%

$1,109

Property Taxes

20%

$302

Home Insurance

5%

$72

HOA

0%

$0

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$93

Maintenance

5%

$77

Other

0%

$0

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