REI Lense

REI Lense

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$1,192 (target)

5104 Esta Dr, Flint, MI 48506

3 beds • 2 baths • 1152 sqft

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This property looks like a bad Long-Term investment with a projected -13.9% first-year return on $41,181 initial cash invested.

-13.9%

Cash On Cash

3.96%

Cap Rate

0.61

DSCR

$1,192

Rent

-$477

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,192 income − $1,669 expenses = $477 out of pocket

Income$1,192Out of Pocket$477Mortgage P&I$1,06489%Property Taxes$22419%Insurance$706%Management$11910%CapEx$605%Vacancy$726%Maintenance$605%

Investment Breakdown

|

Purchase Price

$196k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,181

Downpayment

20%

$39,220

Closing costs

1%

$1,961

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,192

Total Expenses

$1,669

Mortgage P&I

89%

$1,064

Property Taxes

19%

$224

Home Insurance

6%

$70

HOA

0%

$0

Property Management

10%

$119

CapEx

5%

$60

Vacancy

6%

$72

Maintenance

5%

$60

Other

0%

$0

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