REI Lense

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$1,896 (target)

3147 Martharose Ct, Flint, MI 48504

3 beds • 2 baths • 1424 sqft

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This property looks like a bad Mid-Term investment with a projected -3.55% first-year return on $59,559 initial cash invested.

-3.55%

Cash On Cash

6.11%

Cap Rate

0.91

DSCR

$1,896

Rent

-$176

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,896 income − $2,072 expenses = $176 out of pocket

Income$1,896Out of Pocket$176Mortgage P&I$1,10858%Property Taxes$24813%Insurance$704%Management$22812%CapEx$764%Vacancy$573%Maintenance$764%Other$20911%

Investment Breakdown

|

Purchase Price

$198k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$59,559

Downpayment

20%

$39,580

Closing costs

1%

$1,979

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$1,896

Total Expenses

$2,072

Mortgage P&I

58%

$1,108

Property Taxes

13%

$248

Home Insurance

4%

$70

HOA

0%

$0

Property Management

12%

$228

CapEx

4%

$76

Vacancy

3%

$57

Maintenance

4%

$76

Other

11%

$209

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