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$1,764 (target)

2484 Thornton Ave, Flint, MI 48504

3 beds • 2 baths • 1200 sqft

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This property could be a profitable Mid-Term investment with a projected 23.39% first-year return on $31,755 initial cash invested.

23.39%

Cash On Cash

19.35%

Cap Rate

2.89

DSCR

$1,764

Rent

$619

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,764 income − $1,145 expenses = $619 cash flow

Income$1,764Mortgage P&I$36621%Property Taxes$1509%Insurance$282%Management$21212%CapEx$714%Vacancy$533%Maintenance$714%Other$19411%Cash Flow$619

Investment Breakdown

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Purchase Price

$65,500

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$31,755

Downpayment

20%

$13,100

Closing costs

1%

$655

Rehab

0%

$0

Furnishing

27%

$18,000

Cashflow

Total Income

$1,764

Total Expenses

$1,145

Mortgage P&I

21%

$366

Property Taxes

9%

$150

Home Insurance

2%

$28

HOA

0%

$0

Property Management

12%

$212

CapEx

4%

$71

Vacancy

3%

$53

Maintenance

4%

$71

Other

11%

$194

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