REI Lense

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$1,183 (target)

3311 Lynne Ave, Flint, MI 48506

3 beds • 2 baths • 2337 sqft

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This property looks like a bad Long-Term investment with a projected -15.42% first-year return on $49,329 initial cash invested.

-15.42%

Cash On Cash

3.5%

Cap Rate

0.54

DSCR

$1,183

Rent

-$634

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,183 income − $1,817 expenses = $634 out of pocket

Income$1,183Out of Pocket$634Mortgage P&I$1,261107%Property Taxes$16714%Insurance$827%Management$11810%CapEx$595%Vacancy$716%Maintenance$595%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,329

Downpayment

20%

$46,980

Closing costs

1%

$2,349

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,183

Total Expenses

$1,817

Mortgage P&I

107%

$1,261

Property Taxes

14%

$167

Home Insurance

7%

$82

HOA

0%

$0

Property Management

10%

$118

CapEx

5%

$59

Vacancy

6%

$71

Maintenance

5%

$59

Other

0%

$0

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