REI Lense

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$2,122 (target)

4293 Old Carriage Rd, Flint, MI 48507

3 beds • 2 baths • 2536 sqft

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This property looks like a bad Mid-Term investment with a projected -4.24% first-year return on $66,279 initial cash invested.

-4.24%

Cash On Cash

5.66%

Cap Rate

0.88

DSCR

$2,122

Rent

-$234

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,122 income − $2,356 expenses = $234 out of pocket

Income$2,122Out of Pocket$234Mortgage P&I$1,23458%Property Taxes$32015%Insurance$804%Management$25512%CapEx$854%Vacancy$643%Maintenance$854%Other$23311%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,279

Downpayment

20%

$45,980

Closing costs

1%

$2,299

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,122

Total Expenses

$2,356

Mortgage P&I

58%

$1,234

Property Taxes

15%

$320

Home Insurance

4%

$80

HOA

0%

$0

Property Management

12%

$255

CapEx

4%

$85

Vacancy

3%

$64

Maintenance

4%

$85

Other

11%

$233

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