REI Lense

REI Lense

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$1,078 (target)

5409 Hopkins Rd, Flint, MI 48506

3 beds • 2 baths • 1040 sqft

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This property looks like a bad Long-Term investment with a projected -15.96% first-year return on $36,834 initial cash invested.

-15.96%

Cash On Cash

3.48%

Cap Rate

0.54

DSCR

$1,078

Rent

-$490

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,078 income − $1,568 expenses = $490 out of pocket

Income$1,078Out of Pocket$490Mortgage P&I$94488%Property Taxes$27726%Insurance$666%Management$10810%CapEx$545%Vacancy$656%Maintenance$545%

Investment Breakdown

|

Purchase Price

$175k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$36,834

Downpayment

20%

$35,080

Closing costs

1%

$1,754

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,078

Total Expenses

$1,568

Mortgage P&I

88%

$944

Property Taxes

26%

$277

Home Insurance

6%

$66

HOA

0%

$0

Property Management

10%

$108

CapEx

5%

$54

Vacancy

6%

$65

Maintenance

5%

$54

Other

0%

$0

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