REI Lense

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$2,046 (target)

524 Winters Eave, Flushing, MI 48433

3 beds • 2 baths • 1128 sqft

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This property might be a fair Mid-Term investment with a projected 4.25% first-year return on $53,700 initial cash invested.

4.25%

Cash On Cash

8.45%

Cap Rate

1.29

DSCR

$2,046

Rent

$190

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,046 income − $1,856 expenses = $190 cash flow

Income$2,046Mortgage P&I$92545%Property Taxes$1759%Insurance$603%Management$24612%CapEx$824%Vacancy$613%Maintenance$824%Other$22511%Cash Flow$190

Investment Breakdown

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Purchase Price

$170k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,700

Downpayment

20%

$34,000

Closing costs

1%

$1,700

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,046

Total Expenses

$1,856

Mortgage P&I

45%

$925

Property Taxes

9%

$175

Home Insurance

3%

$60

HOA

0%

$0

Property Management

12%

$246

CapEx

4%

$82

Vacancy

3%

$61

Maintenance

4%

$82

Other

11%

$225

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