REI Lense

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$1,535 (target)

4367 Old Colony Dr, Flint, MI 48507

3 beds • 2 baths • 2523 sqft

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This property looks like a bad Long-Term investment with a projected -4.54% first-year return on $39,900 initial cash invested.

-4.54%

Cash On Cash

6.16%

Cap Rate

0.93

DSCR

$1,535

Rent

-$151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,535 income − $1,686 expenses = $151 out of pocket

Income$1,535Out of Pocket$151Mortgage P&I$1,05068%Property Taxes$17011%Insurance$664%Management$15410%CapEx$775%Vacancy$926%Maintenance$775%

Investment Breakdown

|

Purchase Price

$190k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$39,900

Downpayment

20%

$38,000

Closing costs

1%

$1,900

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,535

Total Expenses

$1,686

Mortgage P&I

68%

$1,050

Property Taxes

11%

$170

Home Insurance

4%

$66

HOA

0%

$0

Property Management

10%

$154

CapEx

5%

$77

Vacancy

6%

$92

Maintenance

5%

$77

Other

0%

$0

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