REI Lense

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$1,468 (target)

309 Windy Blf, Flushing, MI 48433

3 beds • 3 baths • 1952 sqft

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This property looks like a bad Long-Term investment with a projected -11.79% first-year return on $52,206 initial cash invested.

-11.79%

Cash On Cash

4.17%

Cap Rate

0.66

DSCR

$1,468

Rent

-$513

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,468 income − $1,981 expenses = $513 out of pocket

Income$1,468Out of Pocket$513Mortgage P&I$1,30389%Property Taxes$21815%Insurance$795%Management$14710%CapEx$735%Vacancy$886%Maintenance$735%

Investment Breakdown

|

Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,206

Downpayment

20%

$49,720

Closing costs

1%

$2,486

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,468

Total Expenses

$1,981

Mortgage P&I

89%

$1,303

Property Taxes

15%

$218

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$147

CapEx

5%

$73

Vacancy

6%

$88

Maintenance

5%

$73

Other

0%

$0

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